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.
Read the full article The Precarious State of Statehouse Budgets at Stateline.org.