Fiscal Forecast for States Begins to Darken
NCSL survey suggests revenues have peaked; risks for education seen.
The fat years for state budgets are over for this decade, a new nationwide analysis says—and that could spell trouble for future funding of K-12 education.
Although state fiscal conditions remain solid, the latest survey by the Denver-based National Conference of State Legislatures , released at the group’s annual meeting here Aug. 5-9, suggests that states’ revenues already have peaked, and that officials are destined for some financial belt-tightening.
That’s likely to put education leaders on guard, since K-12 aid makes up about 50 percent of states’ budgets, and a number of states have relied on the favorable fiscal climate of recent years to...
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