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A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.
The 2008 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2007 – September 30, 2008. The requested budget was submitted to the 110th Congress on February 5, 2007. [1] The government was initially funded through a series of four temporary continuing resolutions.
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
2011 United States federal budget – $3.8 trillion (submitted 2010 by President Obama) 2010 United States federal budget – $3.6 trillion (submitted 2009 by President Obama) 2009 United States federal budget – $3.5 trillion (submitted 2008 by President Bush) 2008 United States federal budget – $2.9 trillion (submitted 2007 by President Bush)
[24] [25] This high degree of fiscal balancing is a result of most states in the U.S. having balanced budget requirements. [26] A balanced budget requirement is a law that requires a government to balance its budget annually, such that government spending equals government revenue. [27]
The 2008 budget crisis in Nevada was a fiscal crisis in which the state faced a budget shortfall of at least US$1.2 billion out of a $6.8 billion budget. [1] The budget crisis was a result of the larger subprime mortgage crisis and the late-2000s recession.
The budget seeks to allocate $46.5 billion All State Funds for state Health and Human Services spending for the 2026-2027 biennium, an increase of $845.2 million, or 1.9%, from the 2024-2025 biennium.
News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...