Lawmakers in a growing number of states will face difficult budget choices next year as revenue growth slows, spending demands increase, and federal tax cuts and cost-shifts kick in.
Fiscal analysts are projecting significant deficits in states such as California, Colorado, Idaho, Illinois, Maryland and Nebraska for Fiscal Year 2027, which for most states starts on July 1. In other states, such as Minnesota and Virginia, they are eyeing budget problems in future years.
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