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...
