Center on Budget and Policy Priorities

The Economy and the States

States Face Two Immediate Financial Problems:
Short-Term Borrowing and Large Budget Deficits

States face two distinct financial problems right now. First, California and Massachusetts officials last week raised concerns about their states' ability to access credit markets for short-term borrowing. Second, most states have been facing budget deficits that have forced, or are now forcing, them to raise taxes, cut spending, or do both to balance their budgets. These issues are serious, but they are distinct from one another."

State Budget Problems Worsen: 21 Face Shortfalls

Many States are Imposing Cuts That Hurt Vulnerable Residents

Examples of enacted and proposed cuts to state services include cuts to public health programs, colleges and universities, K-12 education, the state workforce, and programs for the elderly and disabled.

Nicholas Johnson

For the seventh consecutive year, the Center has received a four-star rating from Charity Navigator, America's largest independent evaluator of charities."

Click to review our four-star rating.

You often hear that the poor and working people don't have a voice in Washington...As it turns out, this bit of conventional wisdom is wrong for one reason: Bob Greenstein and his crew at the Center..."

Washington Post Columnist Steven Pearlstein's profile of the Center

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