17 States Still Project Budget Deficits (It Will Get Much Worse); Moving Targets and the Slowing Global Economy
State economies have partially recovered from the depths of 2009 and early 2010, but 17 states still project deficits. Moreover, there are no rainy day funds or untapped revenue sources, and some "temporary" tax hikes are set to expire. California is $13 billion in the hole but that is a huge improvement compared to the $40 billion hole previously.
No comments:
Post a Comment