State governments have faced a myriad of fiscal challenges during the recent recession. You may have heard in the news, or experienced first-hand, cuts in services and jobs in your state or community - or perhaps even tax increases. One recent study found that 48 states faced budget shortfalls in fiscal years 2009 and 2010, while 46 states continued to face budget shortfalls for the current fiscal year 2011.
Author: Dr. Econ
Date of Publication: October 1, 2010
Last Updated: January 6, 2011