Budget Challenges - Georgia Not Alone
CVN News
01-19-2010
Georgia is not alone, or even in the worst shape, when it comes
to battling 2010 budget problems. Between them California,
Illinois, New Jersey, New York, and Florida go into their
2011 budget cycles staring at a combined deficit of over
$46 billion.
By state, the amounts are:
- California - $14.4
- Illinois - $12.8
- New Jersey - $8
- New York - $6.8
- Florida - $4.7
If you look at the numbers as a percentage of the state
budget, Arizona ($2.3 billion) joins California
and Illinois as having deficts greater than 40% of
the budget total.
Alaska, Nevada, New Jersey and New York face gaps
of at least 30% of planned spending.
Federal `stimulus` funds which replaced state
spending with Federal funds, start to wind down
in mid-2010, which is when many state`s 2011
fiscal years begin.
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