Link to July 21 stateline.org post, "States' budget pain eclipses last recession".Excerpt: New figures from the National Conference of State Legislatures show that states scrambling to balance their budgets already have closed at least $268.6 billion in gaps between projected spending and revenues since the recession started in December 2007. As a result of the previous eight-month-long recession, states erased $263.8 billion in red ink from fiscal 2002 to fiscal 2006.
The report released Monday (July 20) suggests legislators will face painful budget choices for years to come. (RG's emphasis.)
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