|
Tuesday, January 29, 2008
Projections of State Budget Shortfalls Deteriorate
 The Center on Budget and Policy Priorities released an update to their analysis last week, which now shows more than half of the states are facing a budget crunch in 2009. As we've commented, this isn't good news, as state budgets are far less flexible than the federal budget and usually are legally prohibited from running a deficit. From the CBPP update:
More than half of states anticipate budget problems, according to this updated analysis of state fiscal conditions.
- 19 states now project budget gaps for 2009. New Hampshire, Ohio and Wisconsin have joined this list since our last update
- The combined budget shortfall for these 19 states in 2009 is now at least $32 billion.
- 6 states now say they will have 2009 deficits, but have released no further information.
- 3 other states project budget gaps for 2010 and beyond.
CBPP: 19 STATES FACE TOTAL BUDGET SHORTFALL OF AT LEAST $32 BILLION IN 2009
Posted by Adam Hughes
|