SACRAMENTO, Calif. - Legislators in more than a half-dozen states, their revenues evaporating in the recession, frantically worked to stave off government shutdowns and devastating service cuts. California failed to meet a midnight deadline and now may need to issue IOUs instead of paying bills.
Calif., States Face Tough Budget Choices
Judy Lin, Phoenix Arizona Republic: Business
Wed, 07/01/2009 - 9:46am
BING NEWS:
- Colorado facing a nearly $700 million budget deficit next year
When Colorado lawmakers return from their holiday break and start a new legislative session, they'll have to come up with a way to fix a massive state budget shortfall.
12/24/2024 - 12:31 pm | View Link - Rosier forecast for Colorado budget, but cuts loom as state faces structural deficit
The state has seen a number of departments grow in response to new Colorado commitments such as universal preschool and free school lunches.
12/19/2024 - 1:26 pm | View Link - Debt vs. Prosperity: 7 States Face Taxes, 7 Stay Strong
As federal aid dwindles and economic pressures mount, states across the U.S. face diverging fiscal futures. While some grapple with crushing debt and looming tax hikes, others flourish with robust ...
12/12/2024 - 10:47 am | View Link - More
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