state budget

The semi-annual survey presents aggregate and individual data on the states’ general fund receipts, expenditures and balances. States increased spending minimally in fiscal 2004, and governors’ fiscal 2005 budget proposals reflect similarly spare growth.

The semi-annual survey presents aggregate and individual data on the states’ general fund receipts, expenditures and balances. After two years of unprecedented, almost flat growth, fiscal 2004 general fund spending increased by 3 percent above fiscal 2003 levels, the report states.

This paper concentrates on the relationship between public expenditure and economic growth within a rich country using the full sample of state and local governments from Switzerland over the 1981-2001 period.

The paper reviews the research literature relevant to economic development incentives provided by state and local governments, and recommends reforms in these incentives. The author argues that
the main problem with current incentive policies is that state and local governments often provide incentives that are not in the best interest of that state or local area.

To update a March 2003 report from the Solar Center, which catalogues states’ efforts regarding fuel cell technology, the report highlights newly formed state programs and incentives in 2003 and early 2004. Summaries are given for 10 new incentives for which fuel cells are eligible.

The report provides a summary overview of the state-level incentives and policies that are listed on DSIRE. Such incentives include: industry recruitment incentives; corporate tax credits; net metering; grant, rebate and loan programs; production incentives; personal tax credits; tax exemptions; and other state-level policies.

The semi-annual survey presents aggregate and individual data on the states’ general fund receipts, expenditures and balances. States trimmed spending dramatically in fiscal 2003 and in governors fiscal 2004 budget proposals. Fiscal 2003 general fund spending grew by a meager 0.3 percent above fiscal 2002 levels.

The semi-annual survey presents aggregate and individual data on the states’ general fund receipts, expenditures and balances. The report reveals that states pared back spending significantly in fiscal 2003 and fiscal 2004. General fund spending in fiscal 2003 grew only by 0.6 percent above fiscal 2002 levels.

The Center on Budget and Policy Priorities reports that state revenues actually dropped by a total of $21.6 billion during FY03. Adjusting for inflation and population growth, state revenues for FY 2003 were $56.9 billion less than in FY01, the center finds. California, Florida, Georgia, Illinois, New Jersey, New York, North Carolina and Virginia are singled out as facing the largest deficits going into the next fiscal year, which begins next July for most states.

The National League of Cities report expands upon an earlier survey in which respondents said they expect revenues traditionally returned to cities and towns by states to decline by an average of 2.1 percent during 2003. The report indicates that states cut aid to cities and towns by a total of $2.3 billion in the current fiscal year and comparing 2004 to 2003 figures, the $2.3 billion in state cuts represents a 9.2 percent decline in state revenues for cities.