Going into July, House and Senate appropriators have already advanced several fiscal 2014 spending bills. The House has so far passed spending bills for Homeland Security (HR 2216) and Military Construction-Veterans Affairs (MilConVA) (HR 2217), two of the least controversial measures. In addition, the House Appropriations Committee has approved fiscal 2014 spending bills for Defense (HR 2397), Agriculture (HR 2410), Energy and Water, and Transportation-Housing and Urban Development (HUD).
On July 1, the vast majority of states closed out fiscal 2013 and began fiscal 2014.
Grants Management: Improved Planning, Coordination and Communication Needed to Strengthen Reform Efforts
U.S. Government Accountability Office
National League of Cities and U.S. Conference of Mayors
Federal Funds Information for States
After several years of slow recovery in the national economy, fiscal distress is finally beginning to subside for most states. However, the unemployment rate continues to remain high and the economic recovery is relatively weak compared to other post-recessionary periods. Thus, state operating budgets likely will be constrained by elevated expenditure pressures and slow revenue growth in the upcoming fiscal year.
New video series discusses state budget concepts.
Surpluses don’t mean the states’ fiscal challenges are over