U.S. state spending growth to slow in 2016: survey

General fund spending will rise by 3.1 percent for the fiscal year beginning July 1, below the estimated 4.6 percent for the current year, according to the semi-annual survey by the National Association of State Budget Officers (NASBO). Growth continues to be a "modest slog up the hill," compared with what the association would expect to see in an economic recovery, NASBO Executive Director Scott Pattison said in an interview.

U.S. state spending growth to slow in 2016: survey source: http://finance.yahoo.com/news/u-state-spending-growth-slow-041049860.html