The disappearing state surpluses: how come, how long, and how will they affect social service programs?

This issue brief focuses on the impact of recent budget shortfalls that many states are experiencing after several years of strong revenue growth. It describes the structure and sources of state revenues and spending and the causes of the recent shortfall. It also summarizes the fiscal trends and federal policies that could result in significant budget shortfalls in the future. Speakers at the Forum session will expand on these topics, give examples of state approaches in addressing the current shortfall, and provide projections on how states will fare in their next budget cycle. The meeting will also provide an opportunity for speakers and participants to explore the ramifications of the budget shortfalls for health and social service programs and policies.