Budget

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Revenue streams remain question mark as most states head into FY 2010

The NCSL has released its latest report, “State Budget Update: July 2009,” detailing the condition of states’ fiscal health in the year ahead. One of the biggest drivers behind the bipartisan organization’s pessimistic outlook on the rest of FY 2010 and FY 2011, is the rapidly accelerating domino-effect of falling revenue streams for state and local government.