We're Number #2!! Yay for US

Discussion in 'Economy' started by Navy1960, Oct 16, 2008.

  1. Navy1960
    Offline

    Navy1960 Senior Member

    Joined:
    Sep 4, 2008
    Messages:
    5,821
    Thanks Received:
    1,188
    Trophy Points:
    48
    Location:
    Arizona
    Ratings:
    +1,189
    The latest edition of BusinessWeek names Arizona's budget shortfall the country's second worst, as a percentage of the state's general fund.

    California (showoffs, pfft!) takes the top spot.

    Based on data compiled late last month by the Center on Budget and Policy Priorities, BusinessWeek found that the potential cost for 31 states facing shortfalls could reach a combined $53 billion.

    Arizona's portion of that is $2 billion, the size of the deficit that lawmakers and Gov. Janet Napolitano closed with the fiscal 2009 budget signed into law in late June. That represents 20 percent of the state's general fund.

    But a worsening of the economy in the months since has led budget analyists to speculate that the budget will again be in the red to the tune of $500 million to $1 billion by the end of the fiscal year, June 30. That means more cutting or additional revenue (taxes and fees). Take your pick.

    http://www.usmessageboard.com/newthread.php?do=newthread&f=49

    What a dubious honor to be number two in budget shortfall. It was announced yesterday that the Gov. and the mayor of Phoenix will be forced to cut back police and fire because of this budget shortfall. I will reserve my comments for the moment as this subject hits home directly.
     
  2. Care4all
    Offline

    Care4all Warrior Princess Supporting Member

    Joined:
    Mar 24, 2007
    Messages:
    32,701
    Thanks Received:
    6,605
    Trophy Points:
    1,170
    Location:
    Maine
    Ratings:
    +11,036
    Good morning Navy...i would love to see where my state stands, is there a link for such...?

    care
     
  3. Navy1960
    Offline

    Navy1960 Senior Member

    Joined:
    Sep 4, 2008
    Messages:
    5,821
    Thanks Received:
    1,188
    Trophy Points:
    48
    Location:
    Arizona
    Ratings:
    +1,189
    Good morning Care, I hope all is well in the great state of Maine, here is the info I found on Maine, from what I have found your #13 in the list.

    29 States Faced Total Budget Shortfall of at Least $48 Billion in 2009

    There are several issues dealing with it online too, I suppose in your state your shorfall has doubled this year. In my state they are running aound like chickens trying to figure out what to cut to save money, everyday it's something new. The state was so dependant on all this new home property tax that when the bottom dropped out they got stuck.
     

Share This Page