{ "id": "R41773", "type": "CRS Report", "typeId": "REPORT", "number": "R41773", "active": false, "source": "University of North Texas Libraries Government Documents Department, EveryCRSReport.com", "versions": [ { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc276854/", "id": "R41773_2014Feb04", "date": "2014-02-14", "retrieved": "2014-03-05T18:18:19", "title": "State Government Fiscal Stress and Federal Assistance", "summary": "This report examines the current status of state fiscal conditions and the role of federal assistance in state budgets. It begins with an overview of state budgeting procedures and then provides budgetary data comparing state fiscal conditions in FY2008 to FY2013. This report concludes with an assessment of the consequences current levels of state fiscal stress may have for the 113th Congress.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20140214_R41773_16b6a109c41c563361e94e7e3ffb41d9e87ebd77.pdf" }, { "format": "HTML", "filename": "files/20140214_R41773_16b6a109c41c563361e94e7e3ffb41d9e87ebd77.html" } ], "topics": [ { "source": "LIV", "id": "Federal-state relations", "name": "Federal-state relations" }, { "source": "LIV", "id": "Intergovernmental fiscal relations", "name": "Intergovernmental fiscal relations" }, { "source": "LIV", "id": "Budgets", "name": "Budgets" } ] }, { "source": "EveryCRSReport.com", "id": 427825, "date": "2014-02-04", "retrieved": "2016-04-06T23:08:38.066447", "title": "State Government Fiscal Stress and Federal Assistance", "summary": "No two state budgets are alike. States have different budget cycles, different ways of preparing revenue estimates and forecasts, different requirements concerning their operating and capital budgets, different roles for their governors in the budget process, and different policies concerning the carrying over of operating budget deficits into the next fiscal year.\nAlthough no two state budgets are alike, all 50 states experienced heightened levels of fiscal stress during and immediately following the national economic recession, which officially lasted from December 2007 to June 2009. For example, state tax revenues from all sources, including sales, personal, and corporate income taxes, fell 10.3% (from $680.2 billion to $609.8 billion) from FY2008 to FY2010. The decline in state tax revenue, coupled with increased demand for social services and state-balanced operating budget requirements, created what the National Association of State Budget Officers (NASBO) characterized as \u201cone of the worst time periods in state fiscal conditions since the Great Depression.\u201d\nStates closed nearly $230 billion in state budget shortfalls in FY2009 and FY2010; and $146.3 billion in state shortfalls in FY2011 and FY2012. Since then, state fiscal conditions have generally improved. In FY2013, state general fund spending surpassed pre-recession levels for the first time, reaching $693.7 billion, and 45 states increased their general fund spending in FY2013 compared with FY2012. Although state fiscal conditions have improved, state budgetary officials predict continuing budgetary challenges in virtually all states in FY2014, in part due to relatively slow state revenue growth, the need to replenish reserves, and increased costs for health care and other social services.\nCongressional interest in state budgetary finances has increased in recent years, primarily because state action to address budget shortfalls, such as increasing taxes, laying off or furloughing state employees, and postponing or eliminating state infrastructure projects, could have an adverse effect on the national economic recovery. Also, if states reduce their service levels there could be additional pressure for the federal government to either provide those services or to provide additional federal assistance to states.\nThis report examines the current status of state fiscal conditions and the role of federal assistance in state budgets. It begins with an overview of state budgeting procedures and then provides budgetary data comparing state fiscal conditions in FY2008 to FY2013. The data indicate that (1) recent improvements in the national economy have enabled many states to increase their general fund spending, but states still face several fiscal challenges in part due to relatively slow state revenue growth, the need to replenish reserves, and increased costs for health care and other social services; (2) states are more reliant on federal assistance today than in FY2008; and (3) state officials anticipate an increase in federal assistance for Medicaid over the next several years, but they are concerned that federal budget constraints could lead to declines in federal assistance in other program areas.\nThis report concludes with an assessment of the consequences current levels of state fiscal stress may have for the 113th Congress.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R41773", "sha1": "b6db0ad1cc9484143fd20efa24022d043a2925e4", "filename": "files/20140204_R41773_b6db0ad1cc9484143fd20efa24022d043a2925e4.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R41773", "sha1": "04fcbb5c498baf2ff172b7fc447fddbf3137909f", "filename": "files/20140204_R41773_04fcbb5c498baf2ff172b7fc447fddbf3137909f.pdf", "images": null } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc227718/", "id": "R41773_2012Dec03", "date": "2012-12-03", "retrieved": "2013-11-05T18:07:05", "title": "State Government Fiscal Stress and Federal Assistance", "summary": "Report that examines the current status of state fiscal conditions and the role of federal assistance in state budgets. It begins with a brief overview of state budgeting procedures and then provides budgetary data comparing state fiscal conditions in FY2008 to FY2010.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20121203_R41773_bd30a709a1eed565d8670dfa70197fb2dd876cb6.pdf" }, { "format": "HTML", "filename": "files/20121203_R41773_bd30a709a1eed565d8670dfa70197fb2dd876cb6.html" } ], "topics": [ { "source": "LIV", "id": "Federal-state relations", "name": "Federal-state relations" }, { "source": "LIV", "id": "Intergovernmental fiscal relations", "name": "Intergovernmental fiscal relations" }, { "source": "LIV", "id": "Budgets", "name": "Budgets" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc99063/", "id": "R41773_2011Apr14", "date": "2011-04-14", "retrieved": "2012-08-31T21:48:36", "title": "State Government Fiscal Stress and Federal Assistance", "summary": "This report examines the current status of state fiscal conditions and the role of federal assistance in state budgets. It begins with a brief overview of state budgeting procedures and then provides budgetary data comparing state fiscal conditions in FY2008 to FY2010. This report concludes with an assessment of the consequences current levels of state fiscal stress may have for the 112th Congress.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20110414_R41773_2a25c730ea2a8f5518acc66cfd85318ab6618f1a.pdf" }, { "format": "HTML", "filename": "files/20110414_R41773_2a25c730ea2a8f5518acc66cfd85318ab6618f1a.html" } ], "topics": [ { "source": "LIV", "id": "Federal-state relations", "name": "Federal-state relations" }, { "source": "LIV", "id": "Intergovernmental fiscal relations", "name": "Intergovernmental fiscal relations" }, { "source": "LIV", "id": "Budgets", "name": "Budgets" } ] } ], "topics": [ "American Law" ] }