The good news in a report released Wednesday is that, as the nation's economy slowly starts growing again, state budgets are finally on the mend after taking their worst battering since the Great Depression.Check out Illinois in this article
The bad news is that the situation in state capitals is still grim: Even after cutting a combined $84 billion at the start of this fiscal year, 15 states face persistent deficits that must be closed over the next six months. Meanwhile, 35 states project deficits in the next fiscal year, which begins in July 2011.
Wednesday, December 08, 2010
States' budget picture is brightening
The L.A. Times reports: