Budget turnarounds: Some states socking cash away

By: Associated Press Email
By: Associated Press Email

States starting to turn the corner on their Great Recession budget woes are taking the cautious approach.

At least 21 states, including Arizona, Michigan and Ohio, are socking away millions of dollars in rainy day funds rather than restoring spending for education, health care and social services.

It's an approach being championed mostly by Republican governors and lawmakers who say the return of revenues to pre-recession levels doesn't mean it's time to spend.

Some experts say putting money away is premature since spending hasn't been restored to important programs. Others say states don't want to overcommit in a sluggish economy.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 159608305 - wndu.com/a?a=159608305