State Revenue Growth Slows, but Most States Classified as ‘Stable'
1. State revenue growth slows after pandemic-era stimulus benefits end. 2. Credit outlook remains stable but states face budget cuts of 6%. 3. Unfunded pension liabilities and Medicaid costs challenge state budgets. 4. Median state rainy day funds at historical highs, reflecting financial preparedness. 5. Puerto Rico's liabilities-to-GDP ratio remains concerning at 59%.