Every state except Vermont is constitutionally or statutorily mandated to balance its budget each fiscal year.

Name: Every state except Vermont is constitutionally or statutorily mandated to balance its budget each fiscal year.
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All states except Vermont have constitutional or statutory requirements to balance their budgets, meaning they cannot spend more than their income. Vermont, however, does not have such a requirement but traditionally follows a balanced budget policy.

Every State Except Vermont Is Constitutionally or Statutorily Mandated to Balance