- Over half of the states are
anticipating budget problems.
- The 22 states in which revenues are
expected to fall short of the amount needed to support current services in
fiscal year 2009 are Alabama, Arizona, California, Florida, Illinois,
Iowa, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Nevada, New
Hampshire, New Jersey, New York, Ohio, Oklahoma, Rhode Island, South
Carolina, Vermont, Virginia, and Wisconsin. In addition, the
District of Columbia is expecting a shortfall in fiscal year 2009. The
budget gaps total $38.8 to $40.5 billion, averaging 8.8 – 9.2 percent of
these states’ general fund budgets.
|
22 STATES PLUS DC WITH
PROJECTED GAPS FOR FY2009 |
|
|
Amount |
Percent of FY2008 General Fund |
|
Alabama |
$784 million |
9.2% |
|
Arizona |
$1.7 billion |
16.2% |
|
California |
$16.0 billion |
15.4% |
|
District of
Columbia |
$96 million |
1.5% |
|
Florida |
$3.4 billion |
11.0% |
|
Illinois |
$1.8 billion |
6.6% |
|
Iowa |
$350 million |
6.0% |
|
Kentucky |
$266 million |
2.9% |
|
Maine |
$124 million |
4.0% |
|
Maryland |
$808 million |
5.5% |
|
Massachusetts |
$1.2 billion |
4.2% |
|
Minnesota |
$935 million |
5.5% |
|
Nevada |
$565 million |
7.8% |
|
New Hampshire |
$50 million - $150 million |
1.6 – 4.8% |
|
New Jersey |
$2.5 - $3.5 billion |
7.6 - 10.6% |
|
New York |
$4.9 billion |
9.1% |
|
Ohio |
$733 million - $1.3 billion |
2.7 - 4.7% |
|
Oklahoma |
$114 million |
1.6% |
|
Rhode Island |
$380 million |
11.2% |
|
South Carolina |
$160 million |
2.4% |
|
Vermont |
$59 million |
5.1% |
|
Virginia |
$1.2 billion |
6.9% |
|
Wisconsin |
$652 million |
4.8% |
|
TOTAL |
$40.5 - $38.8 billion |
9.2 - 8.8% |
- Another three states
face budget shortfalls that will need to be closed for fiscal year 2009, but
information on the size of those deficits is not available. They are
Louisiana, Michigan, and Mississippi. Analysts in three other
states — Connecticut, Missouri, and Texas — are projecting
budget gaps a little further down the road, in FY2010 and beyond.
|