State Budgets Getting Worse and Worse and Worse...
by Craig Jennings, 2/25/2008
The Center on Budget and Policy Priorities continues to churn out updates to their analysis first released in January detailing the increasingly poor state of state budgets around the country, and things are not getting better. The most recent update adds one more state (Oklahoma) to the list of states facing a budget crunch in 2009. Now there are 21 states that are projecting budget gaps in 2009. The updated summary stats from CBPP:
More than half of states anticipate budget problems, according to this updated analysis of state fiscal conditions.
- 21 states now project budget gaps for 2009. Oklahoma joins this list.
- The combined budget shortfall for these 21 states is now at least $36 billion due to changes in the estimates for California and Illinois, and the addition of an estimate for Oklahoma.
- 4 states say they will have 2009 deficits, but have released no further information. Oklahoma leaves this list because it has now released an estimate.
- 3 other states project budget gaps for 2010 and beyond.
