The 88th General Assembly
has convened the 2012 fiscal session

Wednesday, July 2, 2008

2008 legislative year in review

Looking for a comprehensive summary of the legislatures that convened in 2008? Stateline.org has it. The Nelson Rockefeller Institute of Government released a study suggesting that some states have already fallen into a recession with state tax collections at their lowest in nearly five years. Here's your CliffsNotes version of the reports from the Rockefeller Institute and stateline.org:
Revenues dip: 23 states had to address $26 billion in shortfalls as they put together their new budgets this year. Worst hit were Arizona, California ($3 billion deficit), Florida, and Nevada, mainly because of the collapse of the housing market;

Not for oil and grain states: Budget surpluses exist in North Dakota ($740 million), Texas ($10.7 billion), and here in Arkansas ($176.5 million);

Economy slows big health care reform proposals: The push for universal health care in individual states has slowed due to sluggish revenue and miscalculated costs of health care expansions.

Other top issues debated in the state houses include illegal immigration, abortion, racial discrimination, global warming, and water rights.