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State spending dips as stimulus money dries up
Construction workers await the arrival President Barack Obama at a highway road project funded by the American Recovery and Reinvestment Act in Columbus, Ohio. As stimulus money tapered off in 2012, state spending declined. (Charles Dharapak/AP)States’ overall spending declined for the first time in 26 years in fiscal year 2012 as federal stimulus money dried up, according to a new report by the National Association of State Budget Officers.However, NASBO expects the 1.7 percent decrease between 2011 and 2012 to …
