As the dust settled in Philadelphia following the National Conference of State Legislatures Friday, new faces and a new-found resolve to pickup the pieces of a broken economy marked the end of a week-long summit rife with a mixture of concern, uncertainty and optimism.
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.
Virginia Governor Tim Kaine highlighted a system this week that has saved the state more than $280 million since it came online in 2001. The state’s electronic procurement system,eVA, has saved the state by streamlining the purchase process for state agencies and improved transparency, the Governor said.