fiscal conditions

fiscal conditions

Senate Majority Leader Proposes Idea to Replace Sequester

Yesterday afternoon, Senate Majority Leader Harry Reid (D-NV) floated a legislative proposal to replace sequester cuts for the current fiscal year. In remarks delivered on the Senate floor, Sen. Reid indicated that Congress could reverse at least some fiscal 2013 funding cuts under sequestration by using savings achieved from wrapping up military operations in Iraq and Afghanistan.

Tagged in:

“Keep It Simple!” and Other Performance Budgeting Lessons

April 23, 2013

Performance budgeting continues to be a big challenge for many states. Implementing an effective method of using information about the performance of state programs to influence how state tax dollars are spent has not proven easy. There seems to be some positive movement to new thinking on performance budgeting – especially based on learning from past performance budgeting projects.

The Impact of Federal “Crisis Budgeting” and Uncertainty on States

March 13, 2013

Today I am testifying before Congress on behalf of the states’ budget officers raising our concerns about the impact of federal uncertainty. Years of short-term federal budgeting through continuing resolutions (CRs) and crises like the fiscal cliff cost money and make it difficult for programs to reach their goals’ full potential. You can read my full testimony here.

Outlook for Sequestration

January 31, 2013

With the sequester date set for March 1st, there is still some uncertainty as to what further actions – if any – Congress will take regarding the process of sequestration. At this time, most DC insiders are assuming that Congress will allow the automatic budget cuts to take effect March 1.

Tagged in:

State Expenditure Report (Fiscal 2010-2012 Data)

The latest edition of NASBO’s State Expenditure Report finds that the recent improvement in the national economy has not translated to strong growth in total state spending. This is largely due to the fact that state revenues have not increased as fast as Recovery Act funds have declined, leading to a unique situation in which total state expenditure growth has slowed during the same time that the national economy has been improving.

Fiscal Survey of States, Fall 2012

State fiscal conditions in fiscal 2013 are modestly recovering in step with the slowly improving national economy. General fund spending levels are expected to increase by 2.2 percent this fiscal year, which is less than half their historical average growth rate. Signs of budget volatility have subsided compared to the years immediately following the recession, and fiscal conditions in most states reflect continued fiscal stability.

Tagged in: