ADVERTISEMENT
Advertise Here
Archive

Eye On Boise

Posts tagged: state budgets

Spend it now or spend it later…

The National Conference of State Legislatures has surveyed all the states to see how quickly they’re spending their federal economic stimulus money - some are spending it all to close their state budget gaps in the current fiscal year, leaving nothing for the following year and prompting fears about state budgets “facing a cliff” when the federal money runs out. Idaho falls in the middle of the pack of the 25 states that have responded to the survey so far, spending 54 percent of its stimulus money in fiscal year 2010, which started July 1. Washington was a bit more cautious, spending 33 percent. Highest on the list was Texas, which is spending 96 percent of its stimulus money in the current year; at the bottom is Alaska, spending only 3 percent.

“Whether they welcomed or snubbed the federal economic stimulus package, state lawmakers took advantage of the bailout dollars this year to help patch their state’s shaky finances,” reports Stateline.org. “Now, as they start thinking ahead to next year’s budget and the 2010 elections, lawmakers are increasingly apprehensive about what will happen when the stimulus money dries up. They predict even deeper cuts in services, higher taxes and raids on rainy day funds to balance budgets.”

Get blog updates by email

About this blog

Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.

Named best state-based political blog in Idaho for 2013 by The Fix

Latest comments »

Read all the posts from recent conversations on Eye On Boise.

Search this blog
Subscribe to this blog
ADVERTISEMENT
Advertise Here