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Home » States' Revenue Up, But Growth Modest and Uneven, Report Says
The fiscal condition of U.S. states continues to improve as revenue and spending rise, but the gains are modest, and many states are still not back to their pre-recession financial levels, says a new report from the National Governors Association (NGA) and the National Association of State Budget Officers (NASBO).
The latest NGA-NASBO biannual "Fiscal Survey of States," released on Dec. 14, says that states’ total general-fund revenue for fiscal year 2013 is expected to rise 3.9%, to $692.8 billion, finally bringing income above the pre-recession 2008 mark. For most states, fiscal 2013 will end next June 30.