« Weekend Link Roundup (November 15-16, 2008) | Main | MacArthur Foundation Statement in Response to Crisis »

State Budgets in Trouble (Part Two)

November 17, 2008

Last month, we noted that new gaps had opened in the budgets of at least fifteen states and the District of Columbia just two months after those states struggled to close the largest budget shortfalls seen since the recession of 2001.

This morning's New York Times reports ("Facing Deficits, States Get Out Sharper Knives," Jennifer Steinhauer) that at least 37 states and the District of Columbia have faced or are facing budget gaps totaling $66 billion in the 2009 fiscal year. The Times' article includes a nice map that compares the shortfalls on a state-by-state per-capita basis and as a percentage of each state's general fund, as well as changes in state tax revenue collection from 2007 to 2008. As we said back in October, fasten your seat belts; it's going to be a bumpy ride.

(click here for interactive version)

Statebudgetsmap_nytimes_600px_5  

-- Mitch Nauffts

« Previous post    Next post »

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Quote of the Week

  • "[L]et me assert my firm belief that the only thing we have to fear is...fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance...."


    — Franklin D. Roosevelt, 32nd president of the United States

Subscribe to PhilanTopic

Contributors

Guest Contributors

  • Laura Cronin
  • Derrick Feldmann
  • Thaler Pekar
  • Kathryn Pyle
  • Nick Scott
  • Allison Shirk

Tweets from @PNDBLOG

Follow us »

Filter posts

Select
Select
Select