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Fiscal Survey of States, Fall 2013

December 16, 2013 Comments off

Fiscal Survey of States, Fall 2013 (PDF)
Source: National Association of State Budget Officers

State fiscal conditions are modestly improving in fiscal 2014 with spending and revenues projected to rise above fiscal 2013 levels. Signs of fiscal distress continue to subside, and most states expect revenue and spending growth in fiscal 2014. Tax collections outperformed projections in fiscal 2013, and revenues experienced steady gains in most states. Although revenues are expected to increase in fiscal 2014, states are not projecting a rise in tax collections comparable to the gains in fiscal 2013. – See more at: http://www.nasbo.org/publications-data/fiscal-survey-of-the-states#sthash.E3qYtG04.dpuf

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Issue Brief: State Spending for Corrections

September 25, 2013 Comments off

Issue Brief: State Spending for Corrections (PDF)
Source: National Association of State Budget Officers

State spending for corrections has risen steadily over the last three decades, outpacing the overall growth in state budgets. The state inmate population has grown as well, leading many states to direct more resources for prisons and incarceration, sometimes at the expense of other priorities. Corrections now comprises a larger share of general fund budgets than it did in prior decades, but policy makers have taken notice and are finding ways to reduce costs and improve outcomes while seeking to avoid jeopardizing public safety. For example, state policy makers have begun to invest in programs that reduce recidivism and expand alternatives to incarceration by instituting community supervision and/or drug treatment programs. These data driven tools are helping improve criminal justice polices, but state spending for corrections has yet to exhibit any meaningful slowdown and incarceration costs continue to rise. State spending for corrections reached $52.4 billion in fiscal 2012 and has been higher than 7.0 percent of overall general fund expenditures every year since fiscal 2008. This suggests that criminal justice reforms have yet to reverse the persistent growth in public safety spending, and that many states still have a potential for greater savings from policy reforms.

NGA, NASBO Say Slow Economic Recovery Hinders States’ Fiscal Well-Being

June 14, 2013 Comments off

NGA, NASBO Say Slow Economic Recovery Hinders States’ Fiscal Well-Being
Source: National Governors Association/National Association of State Budget Officers

After several years of slow recovery, states are beginning to see some fiscal relief. However, the unemployment rate is still high and the economic recovery is weak compared to other post-recession recoveries, according to the The Fiscal Survey of States, released today by the National Governors Association (NGA) and the National Association of State Budget Officers (NASBO).

Additionally, states are challenged with providing resources in critical areas that were cut during the recession, declining federal funds for state programs subject to sequestration and continued spending demands in areas directly affected by the sluggish economy such as Medicaid, higher education and corrections. Because of these challenges and other factors, most states plan to moderately increase spending in fiscal 2014.

State Expenditure Report

January 23, 2012 Comments off

State Expenditure Report (PDF)
Source: National Association of State Budget Officers

State expenditures have been severely impacted by the national recession and downturn that began in December 2007. The economic downturn created a unique and in some ways unprecedented fiscal situation for states. Spending from state funds (general funds and other state funds combined) declined in both fiscal 2009 and in fiscal 2010, marking the first occurrences of outright spending declines in the 24-year history of the State Expenditure Report. The reduction in spending from state funds was due to a rapid decline in state revenue. During the two-year period from fiscal 2008-2010 state general fund revenues decreased nearly 12 percent, or by $78 billion.

Not all components of state expenditures declined during the recent downturn. Spending from federal funds increased sharply in both fiscal 2009 and fiscal 2010. Due to the influx of these additional federal dollars, total state expenditures grew modestly in both fiscal 2009 and fiscal 2010. It is estimated that in fiscal 2011 total state expenditures will once again experience moderate growth. In addition to continued growth in federal funds, both general funds and state revenue are estimated to have increased in fiscal 2011 for the first time since fiscal 2008. However, even after this growth, general funds and state revenue remain well below prerecession levels.

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