state budget shortfall
Education cuts will get even worse
Posted October 16th, 2008 by Anonymous in
Just over a year ago, I predicted extreme belt-tightening ahead in state budgets. After looking at my retirement savings, I wish that I wasn’t so right. Now we read that 29 states face a total shortfall of $48 billion. And the states that were immune last year to the real estate crumble because they had oil and natural gas revenues are going to be hit hard with oil down under $80.
