State Budget Slide Appears to Be Coming to an End

The long, painful slide in state tax collections is coming to an end, according to a report by the Bloomberg news service. The 15 most populous states are projecting a 3.9-percent increase in tax collections during the 2011 fiscal year, which will begin for most states on July 1. And for the first time in two years, overall state tax collections are also expected to increase, the article says. That could portend better news for public colleges in the budget cycles ahead.