Rust Belt in the Red
Here's the breakdown on the deteriorating government budgets across the region, as compiled by the Center on Budget and Policy Priorities.
I predict more cuts. Lots of them.
Projected gaps for FY2010:
Michigan $1.6 Billion
Minnesota $2.5 Billion
New York $13.7 Billion
Ohio $2 Billion
Wisconsin $2.9 Billion
2 comments:
Great Lakes Guy:
Excellent report- I agree that there will be additional significant cuts--medicade/medicare, education (challenges to maintain tuition freeze), impact of unemployment insurance and others. I remember an analysis by the center for community solutions last year talked about the need for OH to use portions of the rainy day fund--but now its not raining, its a fiscal tornado.
The most surprising of the group is Michigan.
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