State budgets grow at moderate pace.

PositionNews & Numbers - Brief article

Most state budgets continue to grow at a moderate pace after several years of slow recovery. For the first time, estimated state general fund spending and revenues in fiscal 2016 surpassed their fiscal 2008, pre-recession peak levels (after adjusting for inflation). However, the progress has been uneven across states and long-term spending pressures remain in areas, including health care, education, pensions, and infrastructure.

A majority of individual states (29) have yet to surpass their fiscal 2008 spending levels (adjusted for inflation), while revenue totals in 23 states remain lower than fiscal 2008 levels. Total general fund spending grew 5.5 percent in fiscal 2016, equal to the 38-year historical average, while the...

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