U.S. state governments are recovering from the recession as tax collections increase, allowing them to spend more on schools and transportation, according to a report.
State revenue is projected to rise 3.9 percent during this budget year over last to surpass the peak hit before the full effects of the 18-month recession that began in December 2007, according to the report, released Thursday by the National Governors Association and the National Association of State Budget Officers. Planned state government spending will climb 2.2 percent over last year, the Washington-based groups said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]