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State Budget Conditions

State Budget Conditions

STATE BUDGET UPDATE: SPRING 2014

Money Entering the final months of fiscal year (FY) 2014, the outlook for state budgets is stable. Revenue performance is positive, and expenditure overruns are relatively modest. Find out more in NCSL's new report.

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FY 2015 BUDGET STATUS

budget billForty-six states began fiscal year (FY) 2015 on July 1, 2014. As of July 10, all 50 states had enacted budgets for FY 2015. Sixteen of those states enacted a biennial budget during the 2013 legislative session.

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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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