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New resources:

New Fiscal Year Brings No Relief From Unprecedented State Budget Problems

By Elizabeth C. McNichol and Iris Lav

At least 48 states have addressed or still face shortfalls in their budgets for fiscal year 2010 totaling $165 billion – or almost one-quarter of state budgets.

This includes new shortfalls of $26 billion that have opened up in the adopted 2010 budgets of at least 13 states and the District of Columbia, just one month into the new fiscal year.

View the full report:
http://www.cbpp.org/cms/index.cfm?fa=view&id=711
http://www.cbpp.org/9-8-08sfp.pdf 9pp.

Policy Points: New Fiscal Year Brings Continued Trouble for States Due to Economic Downturn

This snapshot of state budget problems has been updated to reflect the new data on state budget cuts and shortfalls included in the above analyses.

View the full report:
http://www.cbpp.org/cms/index.cfm?fa=view&id=1283
http://www.cbpp.org/policy-points10-20-08.pdf 3pp.

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