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April 2008
- Economic Blues Take Toll on State Budgets
  
  newser | Bloomberg | Apr 25, 08 1:21 PM CDT
  
  The slumping economy will pummel state budgets in the next fiscal year, leaving them at least $26 billion short, according to a survey from the National Conference of State Legislatures. Payrolls fell drastically in March and consumer confidence is low, a double whammy for state tax revenue. "With a few exceptions, state finances are deteriorating, in some cases considerably,” the survey said. More »
  
  Tags
  
  recession • subprime crisis • economy • state governments • state spending • budget shortfall • economy class
March 2008
- State Budgets Caught in Economy's Freefall
  
  newser | New York Times | Mar 17, 08 12:38 PM CDT
  
  Politicians from New York to California are wringing their hands, wondering whether to cut spending or raise taxes. As the economy barrels towards recession, income and sales taxes are coming in well below expectations, and about half the states in the country are facing budget shortfalls, the New York Times reports. In many places, health care and education are on the chopping block. More »
  
  Tags
  
  California • recession • health care • subprime crisis • economy • education • Arnold Schwarzenegger • state governments • US states • state sales tax • state spending • budget shortfall

2 Stories

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