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blog > Market Snapshot: More on State Financials
Market Snapshot: More on State Financials
by Rafael Barbosa
Revenues and expenditures for states in fiscal year 2025
Market Snapshot: More on State Financials
Last week, we discussed how states are heading back towards a more normal budget environment after three years of spending increases. We also provided a few highlights related to capital spending over the past few years. Most states recently enacted budgets for fiscal 2025. We noted a few highlights:
Four states are increasing general fund expenditures by more than 10%:
- Kentucky
- Mississippi
- Kansas
- Delaware
Five states are budgeted to have general fund expenditures increases between 5% and 10%:
- Pennsylvania
- Nevada
- Washington
- New Mexico
- Maine
General fund revenue is expected to grow in most states, but only four states have budgeted increases above 5%:
- Oregon
- West Virginia
- Idaho
- Wyoming
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