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News Link • TAXES: State

Report: 10 states face looming budget disasters

• AP
In Arizona, the budget has grown so gloomy that lawmakers are considering mortgaging Capitol buildings. In Michigan, state officials dealing with the nation's highest unemployment rate are slashing spending on schools and health care. Drastic financial remedies are no longer limited to California, where a historic budget crisis earlier this year grew so bad that state agencies issued IOUs to pay bills.

2 Comments in Response to

Comment by Lola Flores
Entered on:

 Yes, but I wouldn't worry about it.  They have a great plan that can't possibly fail:  cut jobs, lay off people, foreclose on their homes, raise their taxes and spend more.

Comment by Ernest Hancock
Entered on:

Powell always picks the best graphics :)!

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