State Budget Crisis, Cont.

More on the impending state budget crisis: The next fiscal year, which begins July 1, will be “one of the bleakest for state governments in the last three decades,” according to this article in Stateline, citing a new report from the the National Governors Association and National Association of State Budget Officers. The increase in general fund spending will likely reach a thirty-one-year low; eighteen states are predicting negative budget growth; across the board, year-end balances are dropping along with revenue. Tighten your belts, folks, we’re going on a crash diet.


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