Last Friday (04/25) Arturo Perez from NCSL present a newly-released survey of state budget conditions in a practitioner panel, "The Fiscal State of States," WSSA 2008 (Denver). The picture is gloomy nationwide for most states in the coming 19 months. States that are hit the hardest include New York, California, Florida, and Arizona, etc, most of which are suffering from the burst of housing bubble. A couple of states are exceptions: Alaska, Wyoming, and North Dakota see surprisingly large budget surplus due to oil reserves.
For more information, see the Stateline.org report (04/28, Prah), 23 states face budget gaps in '09.
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