These 15 States Have Bulging Budget Gaps For Next Year

[Letsbereal]

ATTENTION MUNI INVESTORS: These 15 States Have Bulging Budget Gaps For Next Year
http://www.businessinsider.com/biggest-state-budget-gaps-2012-2011-11#15-colorado-1

1 Nevada

Projected budget gap: $2.7 billion

Share of this year's budget: 54%

2 Illinois

Projected budget gap: $15.0 billion

Share of this year's budget: 46.2%

3 New Jersey

Projected budget gap: $10.5 billion

Share of this year's budget: 37.5%

4 Mississippi

Projected budget gap: $1.2 billion

Share of this year's budget: 27.6%

5 South Carolina

Projected budget gap: $1.3 billion

Share of this year's budget: 26.1%

6 California

Projected budget gap: $25 billion

Share of this year's budget: 30.2%

7 Minnesota

Projected budget gap: $3.8 billion

Share of this year's budget: 25%

8 Texas

Projected budget gap: $10 billion

Share of this year's budget: 22.3%

9 Connecticut

Projected budget gap: $3.8 billion

Share of this year's budget: 21.6%

10 Louisiana

Projected budget gap: $1.7 billion

Share of this year's budget: 21.2%

11 Oregon

Projected budget gap: $2.5 billion biennial

Share of this year's budget: 17.6%

12 Arizona

Projected budget gap: $1.4 billion

Share of this year's budget: 16.7%

13 North Carolina

Projected budget gap: $3 billion

Share of this year's budget: 15.7%

14 Virginia

Projected budget gap: $2.3 billion

Share of this year's budget: 15.4%

15 Colorado

Projected budget gap: $1.1 billion

Share of this year's budget: 15.4%

[Suriel]

Texas budget shortfall is as bad as you can guess
Posted Tuesday, Jan. 11, 2011

Now Texans know how deep the state's budget crisis really is. Right?
Comptroller Susan Combs says the now-convened 82nd Legislature will have $72.2 billion to spend on discretionary items in the 2012-13 budget. That's a shortfall of:
$26.8 billion if you compare it to agency budget requests.
$14.8 billion compared with the current two-year budget, if you include the $6.4 billion in federal economic stimulus money used to balance that spending plan.
$8.4 billion if you choose to ignore the stimulus money.
$2 billion less than any of those numbers if you consider agency budget reductions ordered by state leaders.
$0 if you subscribe to the point of view that there is no shortfall until there is a proposed budget, which there isn't yet.

Read more: http://www.star-telegram.com/2011/01/11/2762062/texas-budget-shortfall-is-as-bad.html#ixzz1AnsUujRH