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States use one time budget fixes amid deep tax woes
An Associated Press report details how numerous states facing their worst deficits since the recession are employing one time tactics to balance budgets. Delayed refunds, accelerated tax collections, and borrowing from funds risk higher interest costs and credit downgrades, with critics calling these moves gimmicks that defer pain.
MENTIONED IN THIS ARTICLE
Lee Mitgang
Associated Press
Jerry Miller
National Association of State Budget Officers
Indiana
Kentucky
Michigan
Missouri
Nebraska
New York
California
Kansas
Iowa
Rhode Island
Arizona
Mississippi
Oregon
Connecticut
Colorado
Illinois
Florida
Tampa Bay