Education

State Budget Snapshot

December 03, 2003 1 min read

Despite improved news on the budget fronts for most states, at least 10 states are projecting deficits in fiscal 2004, according to a recent report by the National Conference of State Legislatures.

Budget Gap

Amount (millions) Percent of general fund
Alaska $320 14.0%
Connecticut 38.1 0.3
Indiana 800 7.1
Iowa 63 1.2
Kentucky 262.4 3.6
Michigan* 505* 5.6*
Mississippi 60 1.7
Missouri 240 3.5
Nebraska 90 3.4
Rhode Island 15 0.5

*Michigan also faces a $361 million deficit in its School Aid Fund, which represents 2.9 percent of the fund.
SOURCE: National Conference of State Legislatures