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State Budget Conditions

State Budget Conditions

STATE BUDGET UPDATE: FALL 2013

Money Four and half years after the end of the Great Recession, state budget recovery remains a work in progress.  Although fiscal conditions have improved and revenue collections are meeting projections, the recovery has been painfully slow.

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FY 2015 Budget Status

budget billForty-six states begin fiscal year (FY) 2015 on July 1, 2014. As of April 16, 28 states have enacted budgets for FY 2015, 16 of which enacted a biennial budget during the 2013 legislative session. NCSL will update the map and table below as states enact FY 2015 budgets.

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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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NCSL Summit 2014

FEATURED

  • 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.

  • State Budget Actions FY2013 and FY2014

    State Budget Actions FY2013 and FY2014 evaluates state fiscal conditions on the basis of general funds and includes information about state earmarked funds for education, corrections and Medicaid.

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