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. Total state expenditures from all fund sources grew 3.8 percent in fiscal 2010, slowed to 2.8 percent in fiscal 2011, and are estimated to have grown only 0.1 percent in fiscal 2012.