Document Number: 11019Fiscal Survey of States - State finances are modestly improving in fiscal 2014, the fourth consecutive year of general fund spending growth, according to this fall report. Budget cuts and gaps have declined and overall revenue collections have exceeded projections. Signs of fiscal distress continue to subside. Spending increases in fiscal 2014 were generally directed at K-12 education and Medicaid, although five states enacted budget cuts to K-12. Higher education, transportation and corrections also experienced increases. Six states cut higher education budgets. (NASBO)...