off the charts
POLICY INSIGHT
BEYOND THE NUMBERS
BEYOND THE NUMBERS
The Latest on State Budgets
Our new analysis of state budget shortfalls shows that states’ problems are far from over:
- In states’ current fiscal year (2011, which started July 1 in most states), 46 states have had to address budget gaps totaling $130 billion, or 20 percent of their cumulative budgets. This total shortfall will likely grow over the course of the year as mid-year gaps open in some states.
- Some 40 states have already projected gaps for fiscal year 2012 that total $113 billion, or 19 percent of state budgets. This total will likely grow to roughly $140 billion once all states have prepared estimates.
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