WebSep 1, 2024 · 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 ... WebOct 9, 2024 · In “Ranking the States by Fiscal Condition, 2024 Edition,” Eileen Norcross and Olivia Gonzalez calculate this year’s rankings from each state’s fiscal year 2016 reports and then apply trend analysis to reports for each year from 2006 until 2016. The study measures how well states can meet short-term and long-term bills by examining ...
Compare Debt By State for 2024 - Charts - US …
North Dakota (115.7), Alaska (111.7), and New Mexico (101) were the only other states with more than 100 days’ worth of operating costs set aside. Thirty-six states had increases in days’ worth of operating costs compared with the year before, and nearly half of states—23—hit record highs. See more With $114.6 billion in savings by the end of fiscal 2024, states could run government operations on rainy day funds alone for a median of 34.4 days, equal to 9.4% of spending—all record … See more At the close of fiscal 2024, the first full budget year affected by the pandemic: 1. Wyoming recorded the nation’s largest rainy day reserves as … See more States’ results for fiscal 2024 show: 1. The highest-ranked state for total balances was the same as for rainy day funds: Wyoming (301 days). Eighteen other states had total … See more States’ total balances—the combination of rainy day fund balances and leftover budget dollars known as ending balances—hit a record … See more WebApr 13, 2024 · A structural or recurring surplus occurs when ongoing revenue is expected to exceed ongoing spending needs over the long term. The surplus may be used for permanent tax cuts and/or spending increases in this situation. Most current surpluses, however, are the result of a combination of factors that are unlikely to continue, including ... tempo budapest
How Todays Surpluses Can Help States Invest in Budget Stability
WebNov 23, 2024 · The states with the least amount of debt are an interesting mix of states geographically. Mountain states, such as Idaho, Montana, Utah and Wyoming made the … WebJul 1, 2024 · State budget officials will likely know the exact figure on about July 20, after the state closes the books and completes year end transfers and bookkeeping work. Assuming projections hold, a 2024 surplus of $1.3 billion would break the record for the largest state budget surplus in Idaho history, which was set just one year ago when the state ... Web17 hours ago · SANTA FE, N.M. (AP) — A multibillion-dollar surplus due to a surge in oil income will allow New Mexico to send rebates to eligible taxpayers as the state moves to … tempo budoni domani