You thought THAT was bad, huh? The following is only for those with a strong stomach for Mad-Max scenarios:
The previous posting totaled 'only' $59 Billion in State budget shortfall across ALL states nationwide. Below is a projection for just the next 24 MONTHS.
What was 'only' a projected $59 Billion dollar shortfall this year, is projected to balloon over 300 PERCENT in just the next two years.
The picture changes dramatically in just the next year alone. Actually, doubly so:
STATES WITH PROJECTED FY2010 BUDGET GAPS
State/Shortfall/Percent of Total
--------------------------------
Alabama $540 million 6.5%
Arizona $3.0 billion 29.8%
Arkansas $146 million 3.2%
California $33.9 billion 33.5%
Colorado $1.0 billion 13.0%
Connecticut $4.1 billion 23.7%
Delaware $557 million 15.3%
District of Columbia $650 million 10.4%
Florida $5.8 billion 22.6%
Georgia $3.1 billion 14.5%
Hawaii $682 million 11.9%
Idaho $411 million 13.9%
Illinois $7.0 billion 24.7%
Indiana 724 million 5.5%
Iowa $779 million 12.2%
Kansas $1.1 billion 16.7%
Kentucky $818 million 8.8%
Louisiana $2.0 billion 21.7%
Maine $177 million 5.8%
Maryland $1.9 billion 12.5%
Massachusetts $5.0 billion 17.8%
Michigan $1.6 billion 6.9%
Minnesota $3.2 billion 18.3%
Mississippi $480 million 9.4%
Missouri $923 million 10.3%
Nebraska $152 million 4.3%
Nevada $1.2 billion 31.7%
New Hampshire $250 million 16.1%
New Jersey $7.0 billion 21.6%
New Mexico $345 million 5.7%
New York $17.9 billion 29.0%
North Carolina $4.6 billion 21.4%
Ohio $2.0 billion 7.1%
Oklahoma $600 million 9.2%
Oregon DK
Pennsylvania $4.8 billion 16.8%
Rhode Island $450 million 13.7%
South Carolina $725 million 10.5%
South Dakota $32 million 2.7%
Tennessee $1.0 billion 9.0%
Texas $3.5 billion 7.6%
Utah $721 million 12.1%
Vermont $253 million 20.8%
Virginia $1.8 billion 10.4%
Washington $3.4 billion 22.6%
West Virginia $200 million 5.1%
Wisconsin $3.2 billion 22.5%
TOTAL
$133.4 billion
18.9%
Videopro wrote:
ReplyDeleteQuote:
13.7 billion on 59.9 billion out of all states, that one big f'in canary. Besides I thought California is 23.7 billion short fall?
This is indicative of just how rapidly the situation is deteriorating. The numbers reflected are trailing behind fast moving events. In-fact the picture indicates events spiraling completely out of control. Latest estimates are upwards from $27 billion deficit in California and growing, right on the heels of a new fiscal year budget deadline. The state is on the verge of a real-deal endgame, all the previous catch-phrase alternatives and can-kicking to the contrary.