which states have balanced budget requirements 
according to the tax policy center all states except for vermont have some kind of constitutional or statutory rule in place mandating a balanced budget this can take many forms some states require governors to propose balanced budgets others require that state legislature pass balanced budgets and some require both 3the bottom linea balanced budget refers to a financial situation in which revenue is equal to or greater than expenses the term can be applied to a range of situations though it s commonly used in the context of government budgeting proponents of a balanced budget argue that spending that is greater than revenue can be fiscally damaging other economists argue that budget deficits can be useful to fight recessions 