VIEWS: 2 PAGES: 3 CATEGORY: Earth Sciences POSTED ON: 6/11/2010
The fiscal gap (the difference between the amount of revenue vs. expenditures) in the states is $84.3 billion. Since no state (except Vermont) is allowed to run a deficit, that means one of three things: massive taxes, massive program cuts, or both. Or the fourth hope, that the $800 billion stimulus package will bail them out.
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"Dramatic Changes in State Legislatures"Please download to view full document