cbpp

The Center on Budget and Policy Priorities, a liberal policy analysis group, just issued its take on the recent GOP suggestion that states should be given loans, not grants, as part of the Democrats’ soon-to-be-unveiled stimulus package. A point we missed earlier: Because 49 states have some form of legal balanced budget requirement, many wouldn’t [...]

No one’s been following the budget crunch facing states more closely than the Center on Budget and Policy Priorities, and today they’ve released more bad news: In the middle of the economic downturn, 43 states are facing funding shortfalls in 2009 and/or 2010.
Because most states are legally required to balance their budgets each year (ie, [...]