Current and Projected State Deficits: NCSL, NASBO and CBPP

Source: Elizabeth McNichol and Iris J. Lav, Center on Budget and Policy Priorities, January 30, 2009

The three main organizations that track state fiscal conditions — the National Conference of State Legislatures, the National Association of State Budget Officers and the Center on Budget and Policy Priorities — have found large and growing shortfalls in the vast majority of states.  There may be some confusion, however, about the ways in which these deficit estimates differ and whether they are in conflict. The Center has projected that states will face deficits of some $350 billion over the next 30 months, which appears to be very different than the $90 billion to $100 billion deficits being discussed by NCSL and NASBO.   The differences, however, can be simply explained by two factors:
* The freshness of the data. 
* Projections into FY 2011.

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