Dedicated to the acceptance, medical treatment, & legal protection of individuals in the process of correcting the misalignment of their anatomical sex, & supporting their transition into society.

 
Budget Gaps Triple In US States For '09 Print E-mail
TS-Si Policy Review - Government
Pamela M. Prah   
Thursday, 24 July 2008
Budget Gaps Triple In US States For '09
Pamela M. Prah
 
Pamela M. Prah
Stateline Staff Writer
 
See these search results for a complete list of Ms. Prah's articles or visit the TS-Si.org Article Archive.
 
TS-Si Government
Washington, DC, USA. State assistance programs for the uninsured paid off last year in the United States, but little progress was made reducing overall poverty, the U.S. Census Bureau reported on August 26th. ...

Washington, DC, USA. A handful of critical states probably will decide the race between Barack Obama and John McCain on Nov. 4, but what the next president does over the next four years will steer policie...

Washington, DC, USA. Lawmakers in Colorado and Hawaii aim to ramp up political participation by younger candidates with November ballot measures to lower the qualifying age for some state offices. &nbsp...
Washngton, DC, USA. The drumbeat of bad fiscal news from statehouses is intensifying. States collectively faced deficits of $40.3 billion in writing their current budgets — triple the $13 billion shortfall states weathered the previous year, a new report released July 23 shows.
 
"The overall state fiscal condition changed significantly in the past year, and for the most part deteriorated," Corina Eckl, director of fiscal affairs for the National Conference of State Legislatures (NCSL), said as she released the report during the organization’s conference in New Orleans.
 
State lawmakers knew revenues would drop, but the decline was worse than expected. In April, 23 states had projected budget gaps totaling $26 billion for fiscal 2009, which began July 1 in all but four states. By June that number rose to 31 states, NCSL said. 
 
The troubled budget picture in all but about a dozen energy and farm states is driven largely by reduced revenues, Eckl said. "No single tax is the culprit." Consumer purchases are expected to continue to decline in many states, so the situation is expected to worsen.
 
Rising energy costs and the housing slump and mortgage crisis also make states nervous that their budgets will bleed red ink. States are saying "we're holding our breath," looking at 2010 and beyond, Eckl said.
 
The report does not include information for several key states. California, Illinois, Michigan and North Carolina had not completed their budgets by the time the report was written. Arizona, Massachusetts and Ohio also did not have final figures. These missing states represent one-third of the total budget dollars.
 
California’s projected $15.2 billion deficit is among the biggest. The state is without a 2009 budget even though its fiscal year began July 1.
 
States largely avoided raising taxes, according to NCSL, and instead: 
  • Cut spending: 10 states made across-the-board reductions; 12 targeted higher education; 11 cut elementary-secondary education; and 10 cut Medicaid.
     
  • Trimmed state payrolls: Florida, Maine, Tennessee and Vermont laid off state employees, and nine states imposed hiring freezes.
     
  • Tapped reserves: 14 states tapped rainy-day or other reserve funds. Nevada used $267 million, virtually eliminating its rainy-day fund; Minnesota used $500 million, nearly half its balance; and Massachusetts used $310 million.
     
  • Used tobacco funds: Oklahoma borrowed $100 million in excess tobacco tax funds, and Vermont used proceeds from its legal settlement with tobacco companies to help cover Medicaid costs.
     
  • Expanded gambling: Delaware allowed tracks to operate 24 hours a day, while Rhode Island is letting casinos stay open 24 hours three days a week.
Unlike the federal government, states cannot run deficits, forcing them to find the money or cut spending to balance their budgets.
 
There is one bright spot. While tourism may be down for some states because Americans are traveling less, states that are a draw for international tourism, such as Florida and Vermont, are benefiting from foreign visitors  taking advantage of the weak U.S. dollar.
 
Flag.Stateline articles are printed with permission and do not necessarily convey an official position of TS-Si, its partners, or affiliates. TS-Si thanks The Pew Charitable Trusts for their support and cooperation.  
 
TS-Si News ServiceThe TS-Si News Service is a collaboration by TS-Si.org editors, contributors, and corresponding institutions. Sources can include cited individuals and organizations, and TS-Si staff. Articles and news reports do not necessarily convey official positions of TS-Si, its partners, or affiliates.
 
We welcome your comments. Use the form below to leave a public comment or send private correspondence via the TS-Si Contact Page. We will not divulge any personal details or place you on a mailing list without your permission.
 
Comments (0)Add Comment

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy
Last Updated ( Thursday, 24 July 2008 )
 
< Prev   Next >

So They Say

The only abnormality is the incapacity to love.
 

Anais Nin

Subscribe To The TS-Si Insider

E-Mail Address:
First Name:
Last Name:
Subscriber Action:

Finding Our Way

 
Venereal Disease. DA 1950's look ar what is going on, um, down there.
 
Video Time 00:01:21

DSM V & Beyond

DSM-V: Annotated List Of TS-Si.org Articles. Our continuing update of articles on the coming DSM revisions.
TS-Si Comments 

Search TS-Si.org

 
TS-Si Advanced Search

Countdown

US Election: 65 days 19 hrs 14 min