State Budget Update – Spring 2017

Source: National Conference of State Legislatures, May 2017

From the introduction:
Nearly eight years after the end of the Great Recession, states are again facing budget challenges. Over the past few years, states have consistently struggled with slow revenue growth, and this year is no exception.

Many states describe their fiscal situation as stable in the near term, but slow revenue growth could lead to more fiscal challenges in the future, especially if there is a downturn in the national economy. Demographic changes, low energy prices, and a sluggish agricultural economy are also plaguing some state budgets. This report highlights results from NCSL’s most recent survey of legislative fiscal officers about state budget conditions