Entering the final months of fiscal year (FY) 2014, the outlook for state budgets is stable. Revenue performance is positive, and expenditure overruns are relatively modest. Overall, most state officials anticipate slow and steady improvement in state finances through the remainder of the fiscal year.
This report is based on data collected in the spring of 2014 from legislative fiscal officers in all 50 states, the District of Columbia and Puerto Rico. It includes information on:
– Revenue outlook for the remainder of FY 2014;
– Areas of spending over budget; and
– A summary of state fiscal situations.
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