ERIC Number: ED342075
Record Type: RIE
Publication Date: 1991-Oct
Reference Count: N/A
Fiscal Survey of the States.
National Governors' Association, Washington, DC.; National Association of State Budget Officers, Washington, DC.
The last 2 years have been a period of dramatic fiscal change in the states. The states' fiscal condition continued to weaken along with the economy toward the end of the 1980s. This caused 26 states to raise more than $10 billion in new revenues in fiscal 1991 in an effort to maintain current programs. The failure of the economy to recover forced 29 states to reduce their enacted fiscal 1991 budgets by more than $7.5 billion to remain in balance. Moreover, difficulties in meeting high service demand in the weakened economy prompted states to seek additional revenue of $15 billion for fiscal 1992. In total, states have raised revenues $25 billion and cut more than $10.2 billion in 2 years. This survey presents aggregate and individual data on the states' general fund receipts, expenditures, and balances. While not the totality of state spending, these funds are used to finance most broad-based states' services and are the most important elements in determining the fiscal health of the states. Following a preface and executive summary, the data are presented in the following sections: (1) current state fiscal conditions; (2) state expenditure developments; (3) state revenue developments; (4) year-end balances; and (5) regional fiscal outlook. The appendices contain nine tables and accompanying notes. (MLF)
Descriptors: Budgets, Compensation (Remuneration), Differences, Economic Factors, Financial Policy, Financial Problems, Fiscal Capacity, Government Employees, National Surveys, Regional Characteristics, State Government, State Programs, Tables (Data), Tax Allocation, Tax Rates
National Governor's Association, 444 North Capitol Street, Suite 250, Washington, DC 20001-1572 ($20.00).
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: National Governors' Association, Washington, DC.; National Association of State Budget Officers, Washington, DC.
Identifiers: Economic Indicators; Recession