Friday, August 19, 2005
On this day:

States in good financial shape: continue to whine about spending pressures

OLYMPIA, Wash. (AP) -- State tax collectors are unexpectedly busy across America, and many states have built strong reserves that exceed Wall Street's recommendations. Yet lawmakers and governors are worried.

A new report from the National Conference of State Legislatures says state budgets are in the best shape in five years, thanks to ''robust'' tax collections and tough budgeting...

But the same report, released Wednesday at the legislative group's convention in Seattle, said the pressure to spend money, especially on Medicaid, education reform and other programs, threatens to quickly erode the gains.

So, don't spend the money.