State Budget Update: March 2006

According to the report, two-thirds of the way through the fiscal year, state budgets are stable and states are putting their balances toward programs that havent seen many new resources during recent years of budget crisis. Between FY 01 and FY 05, states closed a collective budget gap that exceeded $265 billion. Fiscal offices in 42 states report that they expect to end FY 06 with a collective $28.9 billion year-end balance.