State Budgets 2012

While fiscal concerns usually top the list of important issues for states—even in good economic times—over the next few years, the dialogue among state policymakers will almost exclusively be on the topic of money: budgets, federal assistance, taxes, spending, borrowing and, ultimately, surviving. That is why we created State Budgets 2012 – a website designed to track news and events related to state budgets, providing policymakers easy access to a broad scope of real time information and analysis. 


Choose a state below to get access to budget news and information or scroll down for reports and budget analysis from CSG.



Puerto Rico

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NOW, THEREFORE BE IT RESOLVED, that The Council of State Governments opposes any federal legislation or executive action that would eliminate the federal tax-exemption on municipal bonds.

Stateline Midwest ~ December 2012

When the state closed its books on the 2012 fiscal year, Indiana had the largest budget reserves in its history. And thanks to a law enacted one year earlier, two things happened automatically: Half of the $721 million budget surplus went to shore up state pension funds, and the other half will be delivered to residents when they pay their 2012 income taxes.

Stateline Midwest ~ June 2012    

Interview with NASBO director Scott Pattison on state budget conditions »

The signs of improving fiscal conditions were apparent in most of the Midwestern states where new annual budgets were adopted this year.

State budgets are getting better in 2012, but they’re not good yet.  “States are seeing an uptick in their revenues, but they’re still struggling to get back to prerecession levels,” said Jennifer Burnett, The Council of State Governments’ program manager for research services and special projects. “The 2012-13 budget cycle is going to be somewhat similar to last year. It’s going to be all about closing the gaps, trying to find the money to preserve funding for education and the growing cost of social services like Medicaid and unemployment.”


Puerto Rico

To see more state budget news and information, visit State Budgets 2012

Budget Background: 

  • Fiscal Year Begins: July
  • Frequency of Legislative Cycle: Annual
  • Legislative Session for 2012: Convened January 10, 2012
  • Frequency of Budget Cycle: Annual


State budgets have been hit hard and state leaders have faced tough choices about spending and the future of key programs. But while states have been on the downward spiral and tightened their belts, now they are facing a new problem - too much money.


The U.S. economy is at a turning point, economist Zachary Karabell says, and states must respond to the expected changes. One only needs to look at the recovery following the Great Recession that many say ended in late 2009, and compare it to previous recessions over the past 60 years, he told an audience during The Council of State Governments’ Growth and Prosperity Virtual Summit.

As the president of River Twice Research, where he analyzes economic and political trends, Zachary Karabell challenges common assumptions ranging from global economics to environmental sustainability. With a prolific, award-winning writing career, an illustrious background on Wall Street and a doctorate from Harvard, Karabell brings a unique perspective to the discussion of globalization, the domestic and world economy, the greening of business and the shape of things to come.

During the current fiscal crisis, most states in the Midwest have chosen not to enact broad-based tax increases — a trend likely to continue as new annual and biennial budgets are finalized. 

Medicaid matching rates to states before, during and after Recovery Act funding are analyzed. For every dollar a state spends for Medicaid, the average state gained $1.07 additional match for each state dollar spent under the Recovery Act enhanced rates.