No
most states require a balanced budget for state spending
2001
Yes, he did have a balanced budget.
As of my last update, 49 U.S. states are required to maintain a balanced budget, which means they cannot spend more than their revenue. The only exception is Vermont, which does not have a constitutional requirement for a balanced budget. However, most states still aim to balance their budgets through various laws and practices.
balanced budget
balanced budget
Budget & Execution
Only the operating budget must be balanced in state government.
The oversight committee has been working on the next balanced budget for over three weeks.
budget & execution
Budget & Execution
One type of Constitutional amendment that has been suggested is a balanced budget amendment. This would require the federal government to balance its budget, meaning that it could not spend more than it takes in from taxes and other revenues. The goal of such an amendment is to prevent excessive borrowing and reduce the accumulation of debt. However, the effectiveness and practicality of a balanced budget amendment have been the subject of debate.