This blog is a place for journalists to discuss their experiences covering poverty. It works in tandem with onpoverty.org, a site run by Washington and Lee University's American Poverty Journalism Center.
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Deficits force states to make cuts
California faces an $11 million deficit this spring on top of the $15 billion hole in the state budget from two months ago. California is not alone, though, as other states struggle to address increasing deficits due to the national credit crunch, decreased consumer spending, the crisis in the financial markets, and the mortgage crisis. Fewer than a dozen states have remained in the black this fiscal year. States vary on how to address deficits, but plans include budget cuts, tax increases, and other forms of cutting back.
Original story
Labels: budget cuts, deficit, financial crisis, mortgage crisis, tax increase
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