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Reason Foundation

State Budget Deficits in Perspective

Leonard Gilroy
July 23, 2009, 8:22pm

Following up on my Tuesday post on worsening state budget deficits, offers a comparison of deficits in the current and previous (post-9/11) recession that illustrates the scale of the fiscal crunch states have been and will continue to face:

As I write here, states are going to need to embrace some fundamental budgeting and spending reforms to weather the fiscal storm.

Leonard Gilroy is Senior Managing Director, Pension Integrity Project &
Director of Government Reform

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