Budget Blog

  • State budget season has officially arrived. Over the next several months, 47 governors across the country will unveil their spending plans for fiscal year 2020 – or for the next two fiscal years in the case of the 17 biennial states. Kentucky, Virginia, and Wyoming have already enacted biennial budgets that include fiscal year 2020. On November 1, Colorado’s outgoing governor unveiled his final budget proposal, in accordance with the state’s statutory budget deadline, becoming the first state to release an executive budget for consideration in the 2019 legislative session. Governors’ budget submission deadlines ... More

  • FEDERAL BUDGET UPDATE Marcia Howard , Executive Director, Federal Funds Information for States NATIONAL ECONOMIC OUTLOOK Dan White , Director & Senior Economist, Moody’s Analytics   NEW FEDERAL CHILD WELFARE LAW: BUDGET & POLICY IMPLICATIONS Laura Berntsen , Senior Human Services Advisor, Minority, United States Senate, Committee on Finance Anne DeCesaro , Majority Staff Director, Human Resources Subcommittee, United States House of Representatives, Committee on Ways and Means Ryan Martin , Senior Human Services Advisor, United States Senate, Committee on Finance Morna ... More

  • Interest in how state governments use data and evidence to inform decisions continues to grow. States have made tremendous progress in this arena in recent years, leveraging performance management systems, administrative data, greater access to research clearinghouses, partnerships with universities and foundations, and other tools and new technologies to advance these efforts. NASBO recently developed a new resource , Statewide Initiatives to Advance the Use of Data & Evidence for Decision-Making: A Working Inventory , to catalog these efforts – particularly those overseen by budget offices. NASBO collaborated ... More

  • Most states saw stronger revenue growth in fiscal 2018 led by unusually high income tax payments from non-withholding income sources along with continued growth in the national economy. Specifically, states saw a significant uptick in their personal income tax collections in the last eight months. Information from NASBO’s Spring Fiscal Survey of States shows that 39 states were seeing fiscal 2018 revenues above projections at the time of data collection, with that figure expected to rise when updated data is collected in the fall. As a result of revenues coming in above forecast, many states ended fiscal 2018 ... More

  • The personal income tax is the single largest source of revenue to state governments, representing over 45% of total state general fund revenue in fiscal 2017 according to NASBO’s State Expenditure Report . Forty-one states have a broad-based personal income tax while the other nine states do not. April is typically the month with the highest amount of personal income tax collections. December estimated payments surged – Would April returns give them back? Recent national reports have highlighted the unique surge in state personal income tax revenues this past December. The Rockefeller Institute reported ... More