43 states in financial trouble

[babylonsister]

43 states in financial trouble

The recession has most states unable to cover expenses, according to the Center on Budget and Policy Priorities, and states should expect tough times ahead.


NEW YORK (CNNMoney.com) -- The recession has state-level fiscal budgets in crisis mode, according to a report released Wednesday.

The Center on Budget and Policy Priorities, an organization that works on the state and federal level on policy research and analysis, said 43 states are facing shortfalls in their budgets for this year and/or next year.

Most state budgets start on July 1, which means they are nearly half-way through their fiscal year.

In order to break even for the current fiscal year, more than half of the states already cut spending, used reserves or raised revenues. That leaves most troubled states out of other options for the current fiscal year.

more...

http://money.cnn.com/2008/12/10/news/economy/state_budgets/index.htm?postversion=2008121019

[Zenlitened]

1. Good graphs, charts, details at the website...

... of the study's author, the Center on Budget and Policy Priorities.

http://www.cbpp.org/9-8-08sfp.htm

For example:

[tjwash]

2. They have options...they are going to destroy medical, and rout the school system here.

They've been looking for and excuse to do that here for years.