Fiscal Survey of the States

With data gathered from all 50 state budget offices, this semi-annual report provides a narrative analysis of the fiscal condition of the states and data summaries of state general fund revenues, expenditures, and balances. The spring edition details governors’ proposed budgets; the fall edition details enacted budgets.




Staff Contact

Kathryn White

Overview - Fall 2017
States enacted cautious budgets for fiscal 2018 following two consecutive years of sluggish revenue growth. State general fund spending is projected to grow 2.3 percent in fiscal 2018, the lowest spending increase since fiscal 2010.

Other key findings from the report:
  • 26 states enacted general fund spending increases below 2% in fiscal 2018, including 15 states with spending declines.
  • States enacted modest appropriation increases in fiscal 2018 totaling $12.7 billion across all program areas, compared to $25.8 billion enacted in fiscal 2017.
  • General fund revenues grew 2.3 percent in fiscal 2017, with collections coming in below original budget projections in 27 states.
  • 22 states made net mid-year budget cuts totaling $3.5 billion in fiscal 2017.
  • General fund revenues are projected to grow 4.0 percent in fiscal 2018 based on enacted budgets, with a median growth rate of 3.2 percent.
  • States’ enacted tax and fee changes are estimated to result in $9.9 billion in additional state revenues.
  • States continue to strengthen their reserves, despite slow revenue growth, with 25 states projecting increases in rainy day fund balances in fiscal 2018.