THE YEAR OF RECKONING ; States Forced to Deal with Rising Budget Deficits
SACRAMENTO, Calif. (AP) -- If 2011 is hinting at a national recovery, there is little sign of it in statehouses across the country.
States that already have raided their reserve funds, relied on borrowing or accounting gimmicks and imposed deep cuts on schools, parks and public transit systems no longer can protect key services in the face of another round of multibillion dollar deficits.
As governors roll out their budget proposals and legislatures convene this month, they do so amid a sputtering economic recovery and predictions of slow growth for years to come. State and local governments face lackluster revenue projections, worries from Wall Street over …
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Publication information: Article title: THE YEAR OF RECKONING ; States Forced to Deal with Rising Budget Deficits. Contributors: Not available. Newspaper title: Columbia Daily Tribune (Columbia, MO). Publication date: January 17, 2011. Page number: B5. © 2007 Columbia Daily Tribune. Provided by ProQuest LLC. All Rights Reserved.