Video: Fox News Channel Interviews Elizabeth McNichol on State Budget Troubles

May 22, 2009

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“…A study from the Center on Budget and Policy Priorities reveals 47 of the 50 states are facing substantial budget gaps this year….  All told, the states are nearly $60 billion in the hole for 2009.  Next year, the gap will grow to $133 billion. Experts say it won't get better at any time soon.  Elizabeth McNichol: “We know from past recessions, which were milder, that even once the recession ends, state revenues remain depressed for two or three years.”

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