NCSL: Budget Gaps Imminent for Only Three States

Vadurn, Matthew
December 2004
Bond Buyer;12/10/2004, Vol. 350 Issue 32027, p4
Trade Publication
The article reports on a survey showing that Michigan, Nebraska and New Hampshire are facing aggregate budget gaps totaling $568 million as the strengthening national economy helps to ease revenue pressures on state budgets. The survey was conducted by National Conference of State Legislature. Michigan's gap, at $465 million, is the largest of the three. Three states, Michigan, New Jersey, and Tennessee, reported revenues below forecast. Only New Jersey and North Carolina reported that personal income tax revenue was below forecast.


Related Articles

  • Fiscal conditions for states darken slightly. Young, Jeffrey // Hill;12/6/2007, Vol. 14 Issue 143, p20 

    The article reports on the findings of the Fiscal Survey of States for 2007 in the U.S. It reveals that states posted better revenue and recorded an increase in expenditure by 9.7 percent. It indicates that the surpluses used for tax cuts and improvement of spending programs resulted to high...

  • ARIZONA: Built-In Budget Gaps. Watts, Jim // Bond Buyer;3/31/2009, Vol. 367 Issue 33089, p9 

    The article reports on the move of Republican leaders in both chambers of the Arizona Legislature to release separate proposed budgets for fiscal 2010, but both fall short of a balanced plan. It states that the House proposal includes a $465 million shortfall, while the Senate version has $313...

  • Legislature on a diet? Ryan, Frances // Caribbean Business;11/2/2006, Vol. 34 Issue 43, p20 

    The article reports on some of the measures taken by the Legislature and the executive in reducing their operating expenses and become more efficient in their day-to-day operations in Puerto Rico. The Legislature was able to reduce its budget by $4 million compared in 2004. The government was...

  • State Budgets in Transition, Says Report.  // hfm (Healthcare Financial Management);Nov2007, Vol. 61 Issue 11, p11 

    The article presents the 2008 fiscal year budget in the U.S. The survey conducted by the legislative fiscal office shows that the state budget is declining. The revenues are seen to grow by 2.6% as the spending needs also increase by 5.4%. The budget spending for the year has been allocated to...

  • The impact of performance-based budgeting on state fiscal performance. Crain, W. Mark; O'Roark, J. Brian // Economics of Governance;2004, Vol. 5 Issue 2, p167 

    Almost all American States have tried some form of performance-based budgeting, and this study examines the impact of this budget process innovation on state expenditures. Using panel data for 1970 through 1997 the findings indicate that performance-based budgeting curtails state spending per...

  • Visible Supply by State.  // Bond Buyer;6/3/2005, Vol. 352 Issue 32146, p39 

    This article presents information related to visible supplies by various U.S. states such as Alaska, California, Hawaii, Idaho, Montana, Nevada, Oregon, Washington and Wyoming.

  • Far West: Plain/Insured GO Yield Curves for June 1, 2005.  // Bond Buyer;6/3/2005, Vol. 352 Issue 32146, p39 

    This article presents information related to plain and insured GO yield curves of various U.S. states for June 1, 2005. Some of the states mentioned are Wyoming, Idaho, Montana, Oregon, Nevada, Washington, Hawaii, Alaska and California.

  • West Virginia Lawmakers Pass Budget Earmarking Surpluses for Liabilities. Ackerman, Andrew // Bond Buyer;3/21/2006, Vol. 355 Issue 32343, p3 

    The article reports on the approval of the 3.88 billion dollar fiscal 2007 budget by the West Virginia Legislature that uses most of the projected revenue surpluses of the state to prop up some of its massive long-term liabilities. The legislature approved no specific bond proposals attached to...

  • CALIFORNIA: Lowering the Budget Bar. Saskal, Rich // Bond Buyer;9/26/2008, Vol. 365 Issue 32970, p9 

    The article focuses on the significance of reducing California's requirement that a two-thirds vote in each house of the Legislature to pass a state budget. Survey shows that this would be a good idea to lower the threshold to 55%. Strictly limiting the amount of state spending increases is...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics