Economic Crisis Hits States and Municipalities
Reposted from: http://globalresearch.ca/index.php?context=va&aid=15913
November 4, 2009 @ 2:59 pm
The Center on Budget and Policy Priorities (CBPP) in Washington, DC monitors and calculates the gap between the fifty states' tax revenues and expenditures. The following recent CBPP chart compares the total state budget shortfalls in both the last recession and the current one. Today's record shortfalls measure how many billions states will need to raise in additional taxes or cut their expenditures (or combinations of both) in this and coming years.