The Nation - News from Feb. 10, 1985
Many regions of the country remain vulnerable to President Reagan’s proposed $7-billion cut in federal aid, despite state budget surpluses, according to the latest “Fiscal Survey of the States,” a study by the National Governors Assn. The report said the 50 states expect to end the current fiscal year with a $5.3-billion general fund surplus. But half of that surplus will be concentrated in five states: California, Minnesota, New Jersey, Texas and Wisconsin.
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