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Thirty-six of the 50 states – or 72 percent – are now facing budget deficits in fiscal 2009, according to a mid-year report released Monday by the National Governors Association and the National Association of State Budget Officers. At the same time, 22 of these states facing deficits have adopted budgets that call for increased spending in fiscal year 2009.
Over the past 30 years, according to the report, states have increased spending by an average of 6 percent each year. That trend slowed a bit in 2008, when spending increased by only 5 percent. Budgets enacted for 2009 actually decreased total state spending nationwide by 0.1 percent.
In 2008, spending by all 50 states totaled $689.5 billion. In 2009, states appropriated $689.1 billion in spending.
Originally posted by David9176
I'm glad the state I live in, Michigan, isn't one of them.
We are the powerhouse of this country.
I laugh at every other states troubles.
If only the rest of the states were like Michigan and have 100 percent employment.