U.S. States Face $40B in Deficits in ’13: Survey

[Javaman]

http://www.bloomberg.com/news/2011-11-29/u-s-states-must-grapple-with-40-billion-in-deficits-in-2013-survey-says.html

U.S. states must tackle at least $40 billion in budget gaps in the year beginning in July as federal stimulus funds decrease and expenses rise, according to a survey released today by the National Governors Association and the National Association of State Budget Officers.

Not all states have made forecasts for that year -- only 17 made deficit predictions -- and most are still grappling with shortfalls for fiscal 2012, which total $95 billion, the groups said. Revenue, while improved in 2012, won’t meet costs in areas such as health care and prisons, the report said.

“Growth is weak and there is not enough money for all of the bills coming in,” saidScott Pattison, executive director of the budget officers group, in a statement. “State officials will still be cutting some programs, and increases in funding for any program except for health care will be rare.”

So far in the fiscal year, 15 states are seeing revenue outpace estimates, 22 states are in line, and seven are recording lower-than-expected collections. The national economy may harm revenue collection, the survey said.

more at link...

[doc03]

1. Our township fiscal officer (a Teabagger) was

complaining this morning his state funds are going to be cut by 25% about ($100000) next year and another 25% in 2013. He said unlike state and county officers that have mandated salaries the township officers will also have their pay cut. He doesn't know how the hell they will keep up the roads. I didn't want to start an argument but I wonder if he is happy he voted for Governor Kasich now. I just know in his mind it is somehow Obama's fault anyway. That's how Kasich is balancing the budget passing the deficit to counties, townships and cities.

[madrchsod]

2. show this to him

http://costofwar.com/en/state/OH/


ask him if the wars are worth it......

[doc03]

5. According to that our Congressional district lost

nearly $2.8 million, looks like that would make up for a good part of that $100,000 cut. They need to add a counter for deaths and casualties.

[xchrom]

3. i'm waiting to see if there will be a string of municipalities that go belly up

and what kind of reaction that will bring.

frankly i don't know how some of them have avoided it so far.
time to give more tax breaks to some corporation to bribe them into moving to your town. cause you know that's always such a good idea to do for heavy users of services:eyes: .

[Earth_First]

4. Why do we Occupy?

(see above)