With all states having put full-year budget into place for fiscal 2027, on September 9, the National Association of State Budget Officers issued its “Summaries of Fiscal Year 2027 Enacted Budgets.”

The report provides summaries for each of the fifty states as well as very useful links to the actual 2027 budgets, a budget summary and the governor’s press release.

The fiscal profile of the states reflects “a generally stable but more constrained fiscal environment,” according to the report. Some of the big takeaways:

• Many states took actions that reflect fiscal restraint. These included limits to discretionary spending growth, targeted cuts, a reduction of vacant positions, and government reform initiatives.

• Spending growth was moderate compared to recent years and “some states reduced spending from fiscal 2026.

• “Federal policy changes also affected state budget decisions for fiscal 2027.”

  
  

• Several enacted budgets included funding to deal with  higher administrative responsibilities and rising costs associated with Medicaid and the Supplemental Nutrition Assistance Program (SNAP). Other resources were considered “to prepare for possible reductions in federal support.”

• As for the future, revenue growth for most states is around 2-3% for fiscal 2027. “This would mark the fifth consecutive year of moderate revenue growth.”

The report also addresses itself to the changes made in state taxes in tandem with their fiscal 2027 budgets. A number of tax relief measures have included “reductions in individual and corporate income tax rates, property tax relief, expanded child tax credits and targeted measures affecting retirement income tips, overtime, fuel and other items.”

On the other side of the tax coin, “other states broadened selected taxes or enacted revenue increases to support budget priorities or to offset revenue losses. Some states also made changes in response to the One Big Beautiful Bill Act, including decision to conform or not to conform, to various revenue provisions included in the legislation.”

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