States Devise Strategies to Deal With Budget Deficits

CC Pro — Wed, 30 Jul 2008 21:02:00 GMT

Information collected by The National Conference of State Legislatures from legislative fiscal directors indicates more states are experiencing budget problems. While state revenue streams weren't expected to keep pace with the previous fiscal year, the extent of the decline was not anticipated. Though some states have realized higher than expected tax collections, many more are seeking ways to bring revenue and expenditures into balance. Proposed measures to reduce budget gaps include: workforce reductions, hiring freezes, and tapping into state rainy day funds.

Thinking About Corrections : Budget Issues

States Devise Strategies to Deal With Budget Deficits