For the 'California Escapee' crowd out there. You might want to review the fiscal condition of your destination state. California, after all, is really
only the advance guard 'canary in the coal mine'. At least three (3) states are in worse condition than California and seven (7) others are in close competition for the pathetic fiscal basket case award. Worst part of all, these numbers do not for the most take fully into account the collapse of state revenues reflected in new post tax-season estimates released since this publication.
A peek at what is happening in a state near you...
STATES WITH MID-YEAR FY2009 BUDGET GAPS
State/Shortfall/Percent of Total
--------------------------------
Alabama $1.1 billion 12.7%
Alaska $360 million 6.8%
Arizona $1.6 billion 15.9%
California $13.7 billion 13.6%
Colorado $859 million 11.0%
Connecticut $1.9 billion 11.3%
District of Columbia $393 million 6.3%
Delaware $226 million 6.2%
Florida $2.3 billion 9.0%
Georgia $2.2 billion 10.3%
Hawaii $232 million 4.0%
Idaho $218 million 7.4%
Illinois $4.3 billion 15.1%
Indiana $1.1 billion 8.0%
Iowa $134 million 2.1%
Kansas $186 million 2.9%
Kentucky $456 million 4.9%
Louisiana $341 million 3.7%
Maine $140 million 4.6%
Maryland $691 million 4.6%
Massachusetts $4.0 billion 14.2%
Michigan $1.5 billion 6.5%
Minnesota $654 million 3.8%
Mississippi $363 million 7.1%
Missouri $542 million 6.0%
Nevada $561 million 7.7%
New Hampshire $50 million 1.6%
New Jersey $3.6 billion 11.1%
New Mexico $454 million 7.5%
New York $2.5 billion 4.5%
North Carolina $3.2 billion 14.9%
Ohio $1.2 billion 4.2%
Oregon $442 million 6.6%
Pennsylvania $2.0 billion 7.0%
Rhode Island $372 million 11.4%
South Carolina $871 million 12.7%
South Dakota $27 million 2.2%
Tennessee $1.0 billion 9.2%
Utah $620 million 10.4%
Vermont $82 million 6.7%
Virginia $1.1 billion 6.7%
Washington $1.3 billion 8.5%
Wisconsin $1.0 billion 7.1%
TOTAL
$59.9 billion
9.2%
http://www.cbpp.org/cms/?fa=view&id=711
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