Back From the Brink

Source: Savannah Gilmore and Erica MacKellar, State Legislatures, April/May 2019

Revenue Performance Is Rock Solid as States Climb Out of the Great Recession’s Abyss….

Fiscal on the brink Just 10 years ago state revenues were dismal, continually falling below estimates. Lawmakers were scrambling to plug budget gaps as best they could. Across-the-board cuts, employee furloughs and targeted program reductions were the topics of countless state budget conversations. Fast forward to today, and the state fiscal scene looks very different. Revenue performance is strong, even exceeding estimates in many states.