Fiscal Survey of the States Fall 2008

Source: National Governors Association and the National Association of State Budget Officers, December 2008

Findings of this edition of the Fiscal Survey of States include the following:

  • Overall, state spending growth slowed for most states during fiscal 2008, and is forecasted to slow even further and turn negative during fiscal 2009.
  • In fiscal 2008, 13 states reduced their enacted budgets, by $3.6 billion. So far in fiscal 2009, 22 states have cut their enacted budget by $12.1 billion, with another five forecasting cuts. Additionally, 31 states have reported budget gaps totaling $29.7 billion for fiscal 2009 since budget enactment.
  • Six states reported negative budget growth for fiscal 2008, while 18 states enacted negative growth budgets for fiscal 2009.
  • Eight states enacted increases to their fiscal 2009 cash assistance levels under the Temporary Assistance for Needy Families (TANF) program, ranging from 1.6 percent to 30 percent. One state enacted a decrease of 2.2 percent in cash assistance under the TANF program.

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