The National Association of State Budget Officers expects the current year's spending spree to whittle those reserves down from 6.9% of annual expenditures to 4.6% less than half the level before the recession.
As New York Gov. Andrew Cuomo toured the state this year to promote his budget plan, local officials greeted him with a chorus of praise on each stop that sounded almost identical.
Beginning in 2008, the State has experienced significant budget challenges each fiscal year.
Nearly 1 million people will reside in Charlotte's Mecklenburg County -- the state's largest -- by the end of this year, according to estimates from the Office of State Budget and Management.
Maryland couldn't balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy.
The program is expected to grow 7% a year, faster than the economy or state budget.
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As governor of Florida, I balanced the state budget for eight years in a row while cutting taxes every year.
These big state-to-state differences are important, especially since both federal Medicaid spending and state flexibility may be key issues in budget talks over the next year.
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The manifesto proposes a four-year programme for sorting out state pensions and rationalising the budget.
At the University of Virginia, state funding has dropped to 5.6% of the total budget this year from 26.2% in 1990.
WSJ: Funding Cuts Lead to University Battles, Warning From Panel
In Powell's remarks before a hearing on the State Department's budget, the secretary said he had no doubts a year ago that the Iraqi leader had weapons of mass destruction and the intent to use them.
Previously, as a result of the now infamous budget-repair bill passed earlier this year in the Badger State, the legislature had taken themselves out of the Medicaid cutting business by turning full responsibility for the same over to the Department of Health Services.
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In this way, Mr Sinha will manage to meet his budget target for this year's revenues from the sale of state-owned shares.
"It is the second year of a budget crisis that has force it to devote most state funds to paying salaries and maintaining employment at the cost of both development and creating effective security forces, " Cordesman said.
The state accounts for three out of five jobs, and 70% of this year's budget will be spent on salaries and pensions.
With this year's budget deficit nudging 10% of GDP, if you include the state governments, these are harder times.
While state prison populations have declined, mostly due to budget concerns, the federal inmate population continues to grow each year.
FORBES: Here's an Idea To Reduce The Deficit - Release Some Federal Inmates
Ostensibly due to budget cuts, the previous year the Board of Regents voted to discontinue the last of the optional state language exams.
FORBES: Are New York City Students Getting Smarter Or Are Regents Exams Getting Easier?
Obama had also proposed reducing agricultural subsidies to farmers with sales of more than half a million dollars a year, a notion that farm-state senators like Conrad, who have disproportionate influence on the Budget and Finance Committees, rejected.
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