We asked Democratic Party spokesperson Melissa Baldauff to back up the claim of "higher than expected tax revenues and projected budget surpluses in nearly every state."
She cited an Associated Press story from January 2014 that said that "almost all states will see fairly decent surpluses" in their 2014 budgets. That story quoted the National Association of State Budget Officers (NASBO).
We followed up with Scott Pattison, executive director of the budget officerís group. He confirmed the projection. The 2013 stock market surge will goose income tax collections, Pattison said, and many states budgeted conservatively for 2014, not foreseeing the marketís runup.
That, he said, means surpluses are in store for fiscal year 2014, which for most states ends by mid-year.
And that comes on the heels of the 2013 budget year in which "37 states exceeded original (revenue) forecasts, six states were on target and seven states ended fiscal 2013 below the original revenue estimate," according to the nonpartisan budget associationís December 2013 report, "The Fiscal Survey of States." Baldauff also cited that report.
The revenue windfalls meant surpluses were common, the report said.