"... Fiscal 2012 “will actually be the most difficult budget year for states ever,” said Nicholas Johnson, director of the state fiscal project at the Center on Budget and Policy Priorities, in an interview with The Washington Post.
The center reported last month that states will see budget shortfalls totaling more than $140 billion next year as they continue to wrestle with depressed revenue levels while federal stimulus dollars and reserves run out.
Read more: http://www.politico.com/news/stories/0111/47165.html#ixzz1JveeRT7F
Comment: Financial market awareness of the trouble to come is way behind the curve.
No comments:
Post a Comment