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State Budget Conditions

State Budget Conditions

STATE BUDGET UPDATE: FALL 2014

MoneyStates continue their modest, slow recovery from the Great Recession. State tax collections are largely on target, and most states describe their budget situation for the remainder of fiscal year (FY) 2015 as stable. In brief, states are expecting to meet revenue forecasts for the current budget year. This report highlights results from NCSL’s most recent survey of legislative fiscal officers about state tax collections and other indicators of state fiscal health. 

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State Budget Summaries

budget billMany state legislative fiscal offices and executive budget offices produce budget summaries, brief documents highlighting the important provisions of a budget that often include charts and graphs outlining how funds have been appropriated. NCSL has compiled links to state budget summaries. 

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OVERVIEW | STATE BUDGET CONDITIONS

The state budget process is central to the administration of state government. As well as allocating resources, budgets set policy, review and evaluate policy, and lay the foundation for future planning and program review. However, state fiscal conditions change throughout the fiscal year. Tracking these conditions is crucial in addressing fiscal challenges that arise.

NCSL conducts periodic surveys and publishes the results in State Budget Updates. These reports address state fiscal conditions in the Spring, Summer and Fall. Based on data collected by legislative fiscal officers in the 50 states and territories, State Budget Update is the definitive source for the current fiscal conditions in the states.

Keeping state budgets balanced has been difficult for state legislators in recent years. Many states continue to face budget challenges due to the lingering effects of the “Great Recession.” In light of this era of constrained state finances, NCSL has compiled information on measures, both proposed and enacted, that states are taking to bring budgets into balance.

 

 

 
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FEATURED

  • State Budget Update: Spring 2014

    This report is based on data collected in the spring of 2014 from legislative fiscal officers in all 50 states, the District of Columbia and Puerto Rico. It includes information on revenue outlook for the remainder of FY 2014, areas of spending over budget and a summary of state fiscal situations.

  • State Budget Update: Fall 2013

    The Fall 2013 State Budget Update is based on data collected from legislative fiscal officers in all 50 states and the District of Columbia. It includes information on state revenue performance, areas of spending over budget, and a summary of state fiscal situations.

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