Friday, December 5, 2008

Arizona Leads The Nation With The Biggest State Deficit

Lots of states are facing severe budget problems. But only Arizona can say that its problems are the very worst.
The National Conference of State Legislatures released a survey today indicating that Arizona faces a budget deficit representing 24.2 percent of its general fund, easily outpacing No. 2 New York, which faces mere 20 percent reductions.
Rounding out the field of aneurysm-inducing budgets are California (18 percent), Wisconsin (17.2 percent), Minnesota (14.7 percent) and Kansas (14.5 percent).
"While the data we collected from state legislative fiscal officers are pretty sobering, our discussions with legislative leaders tell us that they expect the problem to only get worse," said William T. Pound, NCSL’s executive director, in a total Debbie Downer of a press release.
LINK

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