Tough choices ahead for cash-strapped states
ListenHour 1
With tax revenues shrinking and federal stimulus money drying up, 46 states, including Pennsylvania, New Jersey and Delaware, are facing huge budget shortfalls. Since the recession, states are estimated to have collectively spent nearly a half a trillion dollars more than they collected in taxes. Tough decisions await the nation’s governors and state legislators, with unpopular choices like cutting services and/or raising taxes on the table. In this hour of Radio Times, we are talking about the budget crisis in states across the country with SCOTT PATTISON of the National Association of State Budget Officers.
Listen:
[audio: 011911_100630.mp3]
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