State budgets remain stable.

• Position: News & Numbers - Report

State budgets continue on a path of stable, moderate spending and revenue increases, according to the National Association of State Budget Officers' Fiscal Survey of States, Spring 2015. Governors' fiscal 2016 budget proposals project a sixth consecutive year of growth, though progress remains slow for a number of states.

According to executive budgets, general fund spending is projected to increase by 3.1 percent in fiscal 2016, below the historical average growth rate of 5.5 percent. Forty-two governors recommended higher spending levels compared to fiscal 2015, directing most additional dollars to K-12 education and Medicaid.

General fund revenue growth is also expected to be modest in fiscal 2016, with revenues projected to increase by 3.0 percent, compared to a 3.7 percent increase in fiscal 2015. Most executive budget proposals project relatively stable, moderate growth in revenues in the next...