Not a Pretty (Economic) Picture for States

Link to June 19 Stateline.org post, "Weak economy squeezing more states".

Excerpt:
The budget year that begins July 1 will be one of the bleakest for state governments in the last three decades, according to a report [66-page document] released Thursday (June 19).

...the survey confirmed the depth of the weakening in state finances. General fund spending, which finances the day-to-day cost of operating government, is projected to rise 1 percent in fiscal 2009, compared to 6.7 percent in an average year. This is the third-lowest spending increase in the last 31 years...

Sidebar information in the linked post includes "Changes in Tax Collection" tables for sales taxes, personal income taxes, and corporation income taxes.