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.


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