State Budget Survey Finds 6th Consecutive Year of Growth
Tuesday, December 15, 2015 | Comments

A new survey of states said that enacted state budgets for fiscal 2016 represent a sixth consecutive year of spending and revenue growth.

While state fiscal conditions continue to be stable overall, growth is modest and some states face significant challenges that will require tough budget choices, according to the fall 2015 edition of “The Fiscal Survey of States” released today by the National Association of State Budget Officers (NASBO).

“States continue to build on the fiscal improvements made in recent years but long-term spending pressures in areas such as health care and infrastructure continue to pose challenges for a number of states, particularly as revenue growth remains limited,” said Acting NASBO Executive Director Stacey Mazer.

Spending from the general fund — states’ own unrestricted funds — is projected to increase by 4.1 percent in fiscal 2016, below the historical average of 5.5 percent. Overall, states increased general fund spending on K – 12 education by $14.7 billion, based on enacted budgets for fiscal 2016.




 
 
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