This month’s issue looks at the midterm legislative races and statewide ballot measures, the role of primaries, the value of art in school, perspective from two of the nation's top pollsters and much more.
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State fiscal conditions continue to improve at a slow and steady pace. A spring 2012 survey of state legislative fiscal officers found revenue performance remains positive and expenditures in most states are stable. And for the first time since before the Great Recession, a number of states are projecting to end the fiscal year with small unobligated balances.
In another sign of improving fiscal conditions, few states have faced mid-year budget shortfalls in fiscal year (FY) 2012. This is good news for state lawmakers who have closed more than $500 billion in budget gaps over the previous four fiscal years. In addition, fewer budget gaps are projected for FY 2013 compared with recent years. Despite this encouraging news, a degree of uncertainty still lingers over state budgets. Concerns about unemployment levels, potential federal deficit reduction actions, spending pressures and global economic events, are contributing to a cautious state budget outlook.
This report is based on data collected from legislative fiscal officers in March and April 2012. It includes information on:
This report provides information on all 50 states and the District of Columbia.
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