The current state of state budgets

Screen Shot 2015-06-16 at 12.36.02 PMBy Mike Maciag | Governing.

State budgets continue to record modest growth but often not enough to keep pace with the cost of K-12 education, health care and other escalating items. That’s according to a report released Tuesday by the National Association of State Budget Officers (NASBO) detailing estimated fiscal 2015 financial figures and governors’ budget proposals for each state.

Overall, state spending is set to continue to climb in the new fiscal year, but at a slower rate than before. The NASBO survey finds general fund expenditures are projected to grow 3.1 percent in fiscal 2016 without accounting for inflation, down from a 4.6-percent gain the prior year.

Total state spending has grown each year since 2011 following cuts that states incurred in the aftermath of the Great Recession. Still, though, aggregate state spending remains slightly below its 2008 peak after adjusting for inflation.

The map belowe shows states’ proposed fiscal year 2016 expenditures compared to estimated totals for 2015, in nominal terms.

Continued:

Screen Shot 2015-06-16 at 2.04.10 PM

Related: Report: State, national economies could surge under deportation-deferral plans/Cronkite News

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.