Posted by: jhamon | July 25, 2009

State Budget Gaps Yawn More, 3 Weeks Into Year

State Budget Gaps

State Budget Gaps

On the heels of California’s budget “solution” reached yesterday (which includes a lot of kicking the can into the future and fantasy cuts that won’t ever materialize) comes this from CNNMoney.com:

NEW YORK (CNNMoney.com) — The bad news about state budgets just keeps getting worse. Only three weeks into the new fiscal year, gaps are already opening up. And the shortfalls are only expected to grow.

“If you think legislators are breathing a sigh of relief because their budgets are passed, think again,” said William Pound, executive director of the National Conference of State Legislatures.

 

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