States expecting year-end balances.

• Position: Brief Article

Two-thirds of the states project year-end balances by the end of FY 2004, although most will be small.

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Note: Some states have mandatory year-end balance requirements. Because those states will end the fiscal year with a positive balance, they are counted among the states with budget surpluses.

Source: National Conference of State Legislatures

CONDITIONS ARE IMPROVING States with: FY 2003 Budget FY 2004 budget (April 2003) (April 2004) Budget gaps 27 7 Spending overruns 34 28 Unresolved budget gap $21.5 billion $719.9 million Source: National Conference of State...