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Top 10? The ten states facing the biggest budget holes
11/12/2009 12:50 pm EST
The Pew Center on the States put together the list by ranking states on the percentage change in revenue from the first quarter of 2008 to the first quarter of 2009 and by the size of the budget gap for fiscal 2010—that the fiscal year that ends in June 2010 for many states—creating by those drops in tax revenue. (And by looking at other factors not included in the table below. To see more follow this link to the full study http://www.pewcenteronthestates.org/uploadedFiles/wwwpewcenteronthestatesorg/BeyondCalifornia.pdf )
Here’s the list:
- California 16.2% drop in tax revenue 49.3% size of gap
- Arizona 16.5% drop 41.1% gap
- Rhode Island 12.5% drop 19.2% gap
- Michigan 16.5% drop 12% gap
- Oregon 19.0% drop 14.5% gap
- Nevada 1.5% increase 37.8% gap
- Florida 11.5% drop 22.8% gap
- New Jersey 15.8% drop 29.9% gap
- Illinois 10.9% drop 47.3% gap
- Wisconsin 11.2% drop 23.2% gap
The average for all 50 states, according to the Pew Center, is an 11.7% drop in tax revenue and a 17.7% budget gap.
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