As of February 4, the vast majority of governors have released budget proposals for the upcoming fiscal year. In addition, 17 states previously enacted two-year budgets covering both fiscal 2014 and 2015.
State and Local Finance Initiative
Grapevine: An Annual Compilation of Date on State Fiscal Support for Higher Education, Fiscal Year 2013-14
Center for the Study of Education Policy, Illinois State University
Despite economic growth over the past 12 months and declines in the unemployment rate, the share of the American population with jobs did not change in 2013 according to a New York Times analysis of the recent Bureau of Labor Statistics (BLS) data. The economy added about 182,000 jobs a month in 2013, or enough to keep pace with growth in the overall population.
Education Commission of the States
Center for Retirement Research
Nelson A. Rockefeller Institute of Government
Congressional Budget Office
State fiscal conditions are modestly improving in fiscal 2014 with spending and revenues projected to rise above fiscal 2013 levels. Signs of fiscal distress continue to subside, and most states expect revenue and spending growth in fiscal 2014. Tax collections outperformed projections in fiscal 2013, and revenues experienced steady gains in most states. Although revenues are expected to increase in fiscal 2014, states are not projecting a rise in tax collections comparable to the gains in fiscal 2013.