States Make Tough Calls To Close Budget Gaps

Jul 17, 2012
Originally published on July 17, 2012 12:30 pm

Over half of U.S. states will have to close a combined budget gap of 55 billion dollars, according to a report by the Center on Budget and Policy Priorities in the 2013 fiscal year. To avoid raising taxes, most states are implementing continued cuts to deal with budget shortfalls.