Publication Date: August 2008
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Iris J. Lav; Elizabeth C. McNichol
Research Area: Banking and finance; Economics
Keywords: Regional collaboration; Fiscal projections; Economic projections
At least 29 states plus the District of Columbia, including several of the nation’s largest states, faced an estimated $48 billion in combined shortfalls in their budgets for fiscal year 2009 (which began July 1, 2008 in most states.) At least three other states expect budget problems in fiscal year 2010.
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