Photo: Morgan Stanley Smith Barney
In a survey done by The National Conference of State Legislatures, 27 states plus the District of Columbia are projecting that they will have budget surpluses by the end of 2012, according to Morgan Stanley Smith Barney’s June research report.20-seven states and the District of Columbia are estimating that they will have small unobligated balances at the close of fiscal 2012. These budget surpluses are a sign that state credit quality is improving.
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