The federal budget resolution sets fiscal priorities and protects state-federal partnerships, and this year the blueprint comes with added importance: ensuring economic stability and bolstering economic growth, according to the National Conference of State Legislatures (NCSL). As House and Senate leaders consider the FY2009 budget resolution, states urged Congress to temporarily increase federal match money for Medicaid and delay implementing the costly new Medicaid regulations, among other issues. Twenty-four states reported state revenues have been hurt by the housing sector slump. At least a dozen states are seeing declines in their real estate transfer or recording taxes and many have reduced their economic forecasts.
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