Rhode Island House of Representatives

States are experiencing budget pressures due to rising costs and slow economic growth, with governors proposing flat spending for fiscal year 2027. Many states are implementing spending cuts, such as eliminating vacant positions and freezing hiring, while rainy day fund reserves show mixed growth. Tax revenues varied across states, with 29 reporting higher-than-expected collections.

States face ongoing budget pressures due to rising costs, slow growth, and federal policy changes. A NASBO survey found governors proposed flat spending for fiscal year 2027, with many states implementing cuts like eliminating vacant positions, hiring freezes, and reduced employee benefits. Most states plan to increase rainy day funds despite weakening reserve power.

A survey by the National Association of State Budget Officers found that states face ongoing budget pressures due to rising costs and slow economic growth. Most governors proposed flat spending for fiscal year 2027, with nearly half implementing spending cuts like eliminating vacant positions, hiring freezes, and reduced employee benefits. States also plan to adjust rainy day funds amid mixed tax revenue results.

A survey by the National Association of State Budget Officers reveals states face budget pressures due to rising costs and slow growth, with many implementing spending cuts like eliminating vacant positions and freezing hiring. Most governors proposed flat spending for fiscal year 2027, while 25 states plan to increase rainy day funds amid mixed tax revenue results.