Read a rundown on the top public policy issues facing state lawmakers in 2015, state-private sector partnerships for infrastructure, e-cigarettes and taxes and dealing with cuts to mental health programs.
Legislators and Legislative Staff Reminder: You must login first to get your free copy.
Although the Great Recession ended three years ago, state finances have yet to enjoy a robust recovery. While there are signs of improvement, the turnaround has been slow and uneven across the nation. Moreover, the new found flexibility that lawmakers expect from improving revenues may be hobbled by mounting budget pressures. The bottom line: State budgets still face considerable challenges.
Fortunately, state budgets today are better positioned to handle these challenges. As reported by legislative fiscal directors, year-end balances are rising, with more states shoring up their rainy day funds. Revenue performance is improving and beginning to return to pre-recession levels. New budget gaps are rare and confined to a few states. State spending has remained within budgeted amounts. Overall, the economic outlook for the current fiscal year is stable for the vast majority of states.
This report is based on data collected from legislative fiscal officers in June and July 2012. It includes information on:
7700 East First Place
Denver, CO 80230
Tel: 303-364-7700 | Fax: 303-364-7800
444 North Capitol Street, N.W., Suite 515
Washington, D.C. 20001
Tel: 202-624-5400 | Fax: 202-737-1069