fiscal conditions

fiscal conditions

State Expenditure Report (Fiscal 2011-2013 Data)

The latest edition of NASBO’s State Expenditure Report finds that for the first time in the history of the State Expenditure Report total state spending declined in fiscal 2012, due to the combination of state funds slowly increasing and federal funds rapidly declining. It is estimated that expenditures returned to more typical growth levels in fiscal 2013 as both state and federal funds moderately increased.

State Spending for Corrections: Long-Term Trends and Recent Criminal Justice Policy Reform, September 2013

State spending for corrections has risen steadily over the last three decades, outpacing the overall growth in state budgets. The state inmate population has grown as well, leading many states to direct more resources for prisons and incarceration, sometimes at the expense of other priorities.

Congress Passes and President Signs Bill to End Shutdown, Lift Debt Ceiling

October 17, 2013

Last night on October 16, Congress voted to pass a bill to fund the federal government through January 15, 2014 and suspend the debt ceiling until February 7, 2014. The Treasury Department will likely be able to take extraordinary measures to continue borrowing past February 7. The Senate passed the measure by a vote of 81-18, and the House followed by approving the measure by a vote of 285-144.

The Scope of Economic Effects from the Shutdown May Be Widening

October 15, 2013

Over the past two weeks, many press articles have discussed the effects of the federal shutdown on states. Topics that have been addressed include the Women Infants and Children (WIC) program, Supplemental Nutrition Assistance Program (SNAP), the closing of national parks, the furloughing of state’s federally funded employees and the implications for state tax revenues. However, less attention has been given to the consequences from the widening economic effects caused by the shutdown and the federal debt ceiling impasse.

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