Latest In

Breaking News

With a New Fiscal Year Beginning, States’ Budgets Are in Crisis

There are only four states -- North Dakota, Alaska, Arkansas and Montana -- that will not run a budget deficit in the next fiscal year, which for states, though

Jul 31, 2020
255.7K Shares
3.4M Views
There are only four states — North Dakota, Alaska, Arkansas and Montana — that will notrun a budget deficit in the next fiscal year, which for states, though not the federal government, starts on Thursday. All 46 others plus the District of Columbia will be in the red — with all but five running deficits above five percent and 21 states running deficits above 15 percent. (A quirk: California is in bad shape dollar-wise. But relative to the size of its budget, it is in better-than-average condition.)
I’ll be looking at this phenomenon closely this week, particularly in light of the collapse of the jobs billand the stall-out of the billto keep state workers employed. But for a 30,000-foot view, here is a chart I made with datafrom the Center on Budget and Policy Priorities. For all of the states running deficits, it shows each state’s projected fiscal year 2011 shortfall in dollars, and then shows what percentage of each state’s 2010 budget that is. The numbers are pretty harrowing:
Budget-Shortfall.png
Budget-Shortfall.png
Paolo Reyna

Paolo Reyna

Reviewer
Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies. Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most. In his free time, he loves to travel, watch films, read books, and socialize with friends.
Latest Articles
Popular Articles