Jun 27 2010
34 states saw tax collections decline in the first quarter of 2010. State budget deficits projected well into 2010 – Plunging tax revenues reflect a weaker economy dragged down by pervasive unemployment and underemployment. $112 billion in state budget gaps for fiscal 2011.
Big states with dismal budget short falls like California and New York have been making the news for the last couple of years. Yet the problems with state budget deficits go beyond the big and mighty. The banking system has been stabilized at a very high cost to average Americans but state budget deficits reflect […]
Jan 15 2009
Fiscal Situation of 50 States: Combined Budget Gaps Estimated at $350 Billon for 2010 and 2011.
It is simply stunning that 44 states are facing shortfalls either for this fiscal year, or will come up short in 2010 or 2011. This puts virtually the entire country in a difficult financial situation. It is hard to understand how the media feels that the federal government is somehow better able to get money […]