Balanced Budgets

Mineral-rich states such as New Mexico, Alaska and Montana saw revenue growth in the beginning of the recession as a result of high oil prices, but the recent decline in oil prices has affected revenues in these states. Only two states — Montana and North Dakota — have not reported budget shortfalls, but the recession has dampened those states’ surpluses, which were largely mineral-driven as well.

Source: Center on Budget and Policy Priorities