June 24, 2008
CNSNews.com) - A new report says that after years of increased spending, states are spending less than usual in fiscal 2008, and that next year their spending will decrease. Lobbyists for the states view the development as dire, but lower-tax advocates find it heartening.
This is a "significant weakening in state finances," according to the report, issued by the National Association of State Budget Officers (NASBO) and the National Governors Association (NGA).
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