News

January State of the State Speeches Highlight Improved Conditions and Remaining Challenges

By Brian Sigritz posted 02-07-2024
Overview Through January, governors from 31 states and territories have delivered a State of the State address. In their speeches most governors reported the state of their state is strong, with several ...
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Treasury Releases Updated SLFRF Reporting Data Through June 30, 2023

By Kathryn White posted 10-19-2023
In a blog last month , NASBO analyzed data published by Treasury based on quarterly project and expenditure (P&E) reports submitted by Coronavirus State and Local Fiscal Recovery Fund (SLFRF) recipients. ...
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States and Territories Continue Progress in Spending Recovery Funds

By Kathryn White posted 09-06-2023
The Coronavirus State and Local Fiscal Recovery Funds (SLFRF), authorized by the American Rescue Plan Act of 2021 (ARPA), allocated $195.3 billion for states and the District of Columbia and ...
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Most States End Fiscal 2023 with a Budget Surplus as Revenues Exceed Forecasts

By Brian Sigritz posted 08-01-2023
Most states ended fiscal 2023 with a budget surplus as tax collections once again came in above projections. Entering fiscal 2023, states assumed smaller revenue levels following double-digit growth in ...
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States Finalize Fiscal 2024 Budgets

By Brian Sigritz posted 06-30-2023
As of July 5th, 45 states have enacted a full-year budget for fiscal 2024. Overall, states remain in a strong fiscal position as they enter fiscal 2024. According to NASBO’s Spring 2023 Fiscal Survey ...
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April Tax Collections Slow from Record Highs

By Brian Sigritz posted 05-23-2023
Early indications are most states saw declines in April tax collections compared to April 2022 (April represents the largest month for tax collections due to the tax filing deadline). The revenue slowdown ...
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Key Education Investment Areas in Governors’ Fiscal 2024 Budgets

By Kathryn White posted 03-28-2023
State funds play a vital role in the delivery of high-quality public education across the continuum, and this reality is reflected in governors’ budgets for the next fiscal year (or for the next two years ...
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States Consider New Transportation Funding Options

By Brian Sigritz posted 03-13-2023
In recent years, states have begun responding to the diminishing buying power of motor fuel revenue. States are concerned that in the long term, the current structure of state and federal fuel tax revenue ...
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January State of the State Speeches Highlight Fiscal Strength and Continuing Challenges

By Brian Sigritz posted 02-14-2023
Overview Through January, 32 governors have given a State of the State address. In their speeches many governors said the state of the state is strong, yet they also noted challenges remain. Governors ...
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Let’s Talk State Budgets: A Conversation with NASBO Leadership

By NASBO Staff posted 02-08-2023
Let’s Talk State Budgets: A Conversation with NASBO Leadership On February 7, the President, President-Elect, and Past President of NASBO engaged in a conversation about the outlook for state budgets. ...
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Rainy Day Funds Reach Historic Levels, Leaving States More Prepared than Ever for a Future Downturn

By Kathryn White posted 01-25-2023
As inflationary pressures, high interest rates, geopolitical conflict and other factors contribute to slower projections for economic growth, many economists are predicting that the next recession will ...
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Many Revenue Forecasts for Fiscal 2023 Revised Upward as States Monitor Economic Conditions

By Brian Sigritz posted 01-18-2023
Overview Revenue forecasts play a vital role in budget decisions for the current year as well as future spending plans. NASBO’s revenue forecast webpage compiles recent forecasts from across the ...
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Week of December 19, 2022 - Press Clips

By Brian Sigritz posted 12-22-2022
National Senate passes $1.7 trillion omnibus spending package The Hill – 12/22/2022 Falling marijuana revenues provide reality check for states Pluribus – 12/22/2022 Medicaid Expansion ...
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Week of December 12, 2022 - Press Clips

By Brian Sigritz posted 12-15-2022
National Why a Federal Funding Deal Matters So Much for States and Localities Route Fifty – 12/13/2022 CVS and Walgreens agree to pay $10 billion to settle lawsuits linked to opioid sales ...
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Week of December 5, 2022 - Press Clips

By Brian Sigritz posted 12-08-2022
National More States to Consider Extending Postpartum Medicaid Coverage Kaiser Health News – 12/8/2022 State Officials Seek to Revisit Sports-Betting Arrangements New York Times – 12/8/2022 ...
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Week of November 28, 2022 - Press Clips

By Brian Sigritz posted 12-01-2022
National Wildfires are Burning an Ever-larger Hole in State Budgets Route Fifty – 11/30/2022 Inflation Is Cutting Into States’ Big Infrastructure Windfall Stateline – 11/30/2022 ‘A complete ...
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Week of November 14, 2022 - Press Clips

By Brian Sigritz posted 11-17-2022
National Study: Most Medicaid enrollees unprepared for safety net redeterminations Axios – 11/17/2022 States Take Key Role in Fighting Fake Online Reviews Stateline – 11/17/2022 The House ...
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Week of November 7, 2022 - Press Clips

By Brian Sigritz posted 11-10-2022
National Stopping the churn: California and other states want to guarantee Medicaid for kids Kaiser Health News – 11/10/2022 Voters weigh in on transportation issues Landline – 11/9/2022 ...
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Week of October 31, 2022 - Press Clips

By Brian Sigritz posted 11-03-2022
National To Reduce Trash, Some States Charge the Companies Producing It Pew Trusts.org - 11/3/2022 Domestic search is on for critical minerals as EV demand surges Pluribus – 11/3/2022 Biden ...
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Week of October 24, 2022 - Press Clips

By Brian Sigritz posted 10-27-2022
National States brace for Medicaid spending surge Axios – 10/26/2022 Private Lending Takes Root in Muni Market Wall Street Journal – 10/26/2022 Supreme Court May Test First Amendment, Social ...
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