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Last Updated on Friday, 15 April 2011 01:16 Written by rslcpol Friday, 15 April 2011 01:16
From Stateline:
Fiscal experts painted a mixed picture of state budgets Thursday (April 14) during a meeting of the National Conference of State Legislatures in Washington, D.C.
Tax revenues are showing clear signs of improvement, but they are still far removed from their peak levels, according to lawmakers, fiscal directors, staff members and others who attended the meeting. As a result, difficult budget decisions are likely to remain the norm for several years.
“It’s like getting a 5-percent raise, which is great, but then finding out your rent went up 10 percent,” Corina Eckl, NCSL’s fiscal director, told the assembled state officials. “That’s where we are in the overall scheme of things.”