Nevada, New Mexico and Washington state cut the most, accounting for 42% of the total. Over the last year, 12 states cut $4.1 billion from their budgets to fix a shortfall. They also turned to Medicaid, which saw more than $1 billion in combined cuts from the 12 shortfall states while higher education cuts totaled more than $500 million from the group. Washington State focused its cuts mainly on K-12 education, slashing more than $1 billion from the budget over the past year. Still, these totals are an improvement from a year ago when 22 states made cuts to close out budget gaps.

Source: Forbes June 24, 2021 16:30 UTC