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US states greet new fiscal year with more spending, school funding

from Reuters

Days before most U.S. states' new fiscal year begins, 40 states have passed budgets that boost spending and dedicate extra funding primarily for education, according to a brief by the National Association of State Budget Officers. But in many states spending increases and tax cuts are not as dramatic as their governors proposed this winter, due to softer-than-expected revenue, NASBO found. Typically, governors suggest budgets in January that legislatures use as starting points to negotiate. more

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