Huffington Post reports:  Contrary to the dire fiscal report released by the State Budget Crisis Task Force in July, the National Conference of State Legislatures is reporting “slow and steady” growth in state finances in the summer of 2012.

The NCSL released a report Tuesday morning at its conference in Chicago laying out what the organization said is a rise in states’ revenues and economies, based on data collected from budget officials around the country. The latest study — one of three fiscal reports the group releases annually — concludes that states are likely to see their rainy-day funds increase and to avoid the budget gaps that have plagued them in recent years.

“State fiscal conditions continue to improve,” NCSL fiscal director Arturo Perez said. “This is a continuation from the last series of releases. There has been a slow and steady progress in improvement.”

Perez said the NCSL found that the average state rainy-day fund equals 8 percent of the budget, with Texas and Alaska leading the pack, because of oil revenues, and California and Illinois at the bottom. When those four states are eliminated, the average rainy-day fund drops to 5.1 percent. Eleven states reported “concern” about their economic outlook, but most states had a positive view on fiscal year 2013.

According to Perez, this year’s legislative sessions produced little change in overall state tax rates, with most states that made adjustments enacting both cuts and increases. Only three states — Idaho, Kansas and New York — passed tax cuts alone this year.

The NCSL also found that Medicaid remains a concern for state leaders, echoing both the State Budget Crisis Task Force and the most recent Fiscal Survey of the Statesreleased by the National Governors Association and the National Association of State Budget Officers in June.

“There has been no overall robust growth,” Perez said, tempering the optimism. “There are still issues facing states.”

“The thing that worries me is the threats to the social order,” Ravitch said last month. “You can’t cut human services and cut the ability of government to take care of the people.”

Ravitch noted that the State Budget Crisis Task Force differed from the NCSL and National Governors Association in that the Volcker-Ravitch group was not run by current state officials. He also urged immediate action.

“It is getting worse every day,” Ravitch said. “We have to stop bullsh***ing.”

Although Perez said he did not want to compare the NCSL report to the Volcker-Ravitch report, he pointed out that Volcker and Ravitch looked at just six states — California, Illinois, New Jersey, New York, Texas and Virginia — to conduct their research, while the NCSL talked to all 50 states and the District of Columbia. Perez also noted that the NCSL report is part of a 20-year series of reports and is designed to capture a moment in time for state finances.

“Ours is a series of reports that go back 20 years that keep periodic tabs on the current state of state finances,” Perez said, adding that it can take “a couple of reports” to show a change in trends.