$1 billion surpluses aren’t a reality anymore, state’s budget …

Oct 8, 2024 · The period for Arkansas state government collecting state general revenue surpluses of $1 billion in a fiscal year is "likely over for the foreseeable future," the state's budget director Robert ...

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$1 Billion Surpluses Aren’t A Reality Anymore, State’s Budget …

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Watchdog Warns States Blowing ‘Budget Surpluses’ On Wants Not …

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Apr 19, 2022 · According to TIA’s 2021 Financial State of the States report published in September, the nation’s 50 states collectively ended FY 2020 more than $1.5 trillion in debt, …

truthinaccounting.org

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Bulging State Budget Surplus Driving Ambitious Spending Plans

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Jan 12, 2024 · The budget proposals Gov. Brian Kemp released during the first week of the 2024 legislative session call for spending more than $2 billion of the surplus on what the governor’s …

capitol-beat.org

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Why Tennessee Won’t Celebrate A $1 Billion Budget Surplus

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Nov 12, 2020 · The latest tax revenues from October show the state has already built up a $1 billion surplus in tax collections. The state started the fiscal year in July expecting less …

wkms.org

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How California's $98 Billion Surplus Became A $31-plus Billion …

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Oct 25, 2023 · Seventeen months ago, while unveiling a much-revised 2022-23 state budget, Gov. Gavin Newsom bragged of having a $97.5 billion surplus to expand health care, social …

calmatters.org

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The Big Debate Around Statehouses: What To Do With Budget …

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Jun 7, 2022 · In April, Gov. Brian Kemp signed measures that provide a one-time $1 billion personal income tax refund and an income tax cut that could eventually total more than $2 …

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States Should Act Responsibly With Surpluses | Fox Business

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Jan 19, 2022 · The state surplus numbers can be eye-popping and spread through the country – ranging from California ($76 billion) to Iowa ($1.5 billion) to Virginia ($2.6 billion). State Surplus …

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Remember That Budget Surplus? Never Mind - CalMatters

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Nov 21, 2022 · Six months ago, while proposing a revised state budget, Gov. Gavin Newsom bragged about the state’s having a $97.5 billion surplus that would finance some landmark …

calmatters.org

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California Lawmakers Propose Billions In Cuts To Address Looming …

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The swing from a $100 billion surplus to a deficit somewhere between $38 and $68 billion in just two years illustrates the volatility of California’s tax system. It also has Governor Gavin …

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Watchdog Warns States Blowing ‘Budget Surpluses’ On Wants Not …

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Apr 15, 2022 · Overall in 2020, state and local governments would report $117 billion less in revenues than the previous year, mostly stemming from that April-June span, according to …

theepochtimes.com

FAQs about $1 billion surpluses aren’t a reality anymore, state’s budget … Coupon?

How much money did all 50 states run a budget surplus?

Reports from across the U.S. found that all 50 states ran a budget surplus in the millions of dollars. Depending on the size of a state's budget that might not be very much but in at least 29 of those states, the surplus was actually more than $1 billion. The total for those 29 states is more than $173.9 billion in additional funds. ...

How much is the state budget surplus?

Depending on the size of a state's budget that might not be very much but in at least 29 of those states, the surplus was actually more than $1 billion. The total for those 29 states is more than $173.9 billion in additional funds. In many cases, the surplus is from state tax revenue that went far beyond projections. ...

Will Oregon return a billion-dollar budget surplus?

Many states are currently sitting on billion-dollar budget surpluses thanks to COVID funding and the Fact Check Team is digging into how Americans' tax dollars are being spent. (TND) Oregon is the only state that’s automatically going to return some of that surplus back to the taxpayer if it's big enough. ...

Does California have a budget surplus?

California Gov. Gavin Newsom (Photo by Justin Sullivan/Getty Images) Most states currently have a budget surplus, including deep blue states like California, New Jersey, New York, and Illinois. These short-term surpluses can be misleading, however, as public finances in these states are not on sound long-term footing. ...

Will Oregon return surplus to taxpayers if it's big enough?

(TND) Oregon is the only state that’s automatically going to return some of that surplus back to the taxpayer if it's big enough. The rest will have to balance their budgets and get them passed by the state government. Balanced budget requirements are rules that prohibit states from spending more than they collect in revenue. ...

Does Nebraska have a budget surplus?

Nebraska Gov. Jim Pillen has an estimated $1.5 billion surplus in play and his budget plan relies on cutting taxes and increasing education funding, while dipping into the state’s $1 billion cash reserve for projects like a new $574 million canal. ...