Despite a chaotic year for state budgeters, some states still expect revenue to grow and are proposing either tax cuts or increased spending on new initiatives. Other states have been forced to close significant budget shortfalls and are forecasting structural deficits in future years. Most states will end fiscal year 2025 at midnight on June 30. For now, state revenues for the remainder of the fiscal year appear stable, but shortfalls and uncertainty loom for FY 2026 and beyond. An...| National Conference of State Legislatures
Approximately one-third of the average state budget actually derives, not from state revenues, but from federal loans and grants. Shortly after taking office, the Trump Administration’s Office of Management and Budget published a memo to halt all grant and loan payments to states while the agency reviewed each payment for compliance with the flurry of executive orders the President had just signed. States immediately complained that they could not access needed funds and 22 state attorneys ...| www.multistate.us
About $1.1 trillion in fiscal year (FY) 2024. This total includes money transferred to states, tribal governments, and local governments, such as cities and counties. Federal funding helps state and local governments pay for things like infrastructure, education, and health care for low-income people. In FY 2024, these transfers made up 16.2% of all federal spending.| USAFacts
At the end of each year, NASCIO shares its top 10 priority list for state CIOs to help them prioritize investments and drive innovation.| Government Technology Insider
As the global security landscape evolves at an unprecedented pace, so must the capabilities of the defense and security sectors. To meet this challenge, U.S. departments and agencies must continue to apply the latest and most-up-to-date technology, processes, software and hardware across their digital infrastructure ecosystems to enable the transformation required to keep up with […]| Government Technology Insider
