In the midst of a sluggish economic recovery and looming budget cuts in Washington, most states are reporting they expect stable fiscal situations through the first few months of fiscal 2013, according to a recent report from the National Conference of State Legislatures.

The NCSL, a bipartisan organization serving state legislators, released its "State Budget Update: Fall 2012" report on Tuesday, which includes findings on revenue, revenue outlook, and spending for the first quarter of the fiscal year, beginning July 1, 2012.

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