Friday, January 07, 2011

Recession-bruised states' revenue sank 30 percent in 2009, Census Bureau reports

The Washington Post reports:
The recession blew a huge hole in the already shaky finances of state governments, causing them to lose nearly one-third of their revenue in 2009, according to a Census Bureau report released Wednesday.
Would that cause state government to stop growing?:
Even as revenue plummeted during the downturn, the report said, state government expenditures grew 3 percent. Those increases were mainly in essential services, including safety-net programs and education.
The amazing bull market in government growth.