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As state revenues tick upward, budget gaps remain
Stateline: After enduring two years of crippling budget deficits, states may have slightly better times ahead, according to a new report issued yesterday by the National Conference of State Legislatures.
Nearly every state expects to collect more revenue in the 2011 fiscal year than in 2010, the report says. In total, general fund revenues are expected to grow by an average of 3.7 percent in 2011, compared with an average decline of 1.5 percent in 2010. "While not out of woods," the report says, "the performance of revenues in many states has officials looking up instead of down."
