States Point Way for Budget; Will Policymakers Listen?

• By Stan Collender
• Roll Call Contributing Writer
• June 8, 2010, Midnight

The start of the federal fiscal year was changed from July 1 to Oct. 1 when the Congressional Budget Act was signed into law in 1974. This was a momentous change for federal budget policymakers who had to figure out what to do with the “transition quarter” — the three months between the end of the old fiscal 1976 and the beginning of the new fiscal 1977. But the new start date meant little for the states, and few changed their fiscal year as the federal government did. As a result, in about three weeks, fiscal 2011 will begin in 46 states.