19 States Face Total Budget Shortfall of at Least $32 Billion in 2009; 9 Others Expect Budget Problems

Source: Elizabeth C. McNichol and Iris Lav, Center on Budget and Policy Priorities, January 28, 2008

At least twenty-five states, including several of the nation’s largest, face budget shortfalls in fiscal year 2009. Of these 25 states, 19 have already made specific estimates; the combined deficits of these 19 states are expected to total at least $32 billion for fiscal 2009 — which begins July 2008 in most states. Another 3 states expect budget problems in fiscal year 2010, although some of those gaps may occur earlier than expected. Many of the other states have not yet released information about their fiscal status.

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