More Tough Times for State Budgets

February 16, 2009 by Pelikan · 1 Comment
Filed under: Recession, State Governments, State of Ohio Budget 

inredstatesCalifornia’s Governator is still locked in mortal battle with the legislature in Sacramento – Gov. Arnold Schwarzenegger even turned to bad theology the other day and said Cali is on the brink of “financial Armageddon.”

Gov. Kathleen Sebelius, Kansas, has her own budget cum legislature problem.  Media reports today say that the state of Kansas is out of money in the account which pays tax refunds and state employee pay.  Republicans in the Kansas state legislature blocked Sebelius’ attempt to move funds from other accounts today.

As a reminder, Ohio’s projected deficit problem is anywhere from $3 to 7 billion.

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