The Precarious State of Statehouse Budgets

  • October 10, 2007
  • By Pamela M. Prah

States awash in surpluses for the past two years are now treading water, with several desperately looking for lifelines to help them get out of budget trouble.
A slumping housing market and skimpier sales tax collections are busting budgets from California to Florida at a time when national job growth is sluggish and consumer confidence is at a nearly two-year low.

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