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Chalanachithram.com DB » TF Industry related » Archive through November 13, 2009 » AZ, CA, FL, IL, MI, NV, NJ, OR, RI, WI face budget disasters « Previous Next »

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Kamal
Junior Artist
Username: Kamal

Post Number: 797
Registered: 08-2009
Posted From: 98.212.183.18

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Posted on Wednesday, November 11, 2009 - 11:28 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ashton:

Illinois,




ippudu nenu emi cheyyali .. ???
Arthamanartham Bhavaya Nithyam - Naasthi Thatha Sukalesa Sathyam,
Puthraadhapi Dhana Bhaajam Bheethi - Sarvathraisha Vihithaareethi.
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Thunder
Side Hero
Username: Thunder

Post Number: 9420
Registered: 05-2007
Posted From: 211.27.70.39

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Posted on Wednesday, November 11, 2009 - 11:23 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Lionswalkalone:

Life lo okkasaari anna happy news tho oka thread veyyi mahanubhaavaa




nenu ade sepudam anukunna :D
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Lionswalkalone
Side Hero
Username: Lionswalkalone

Post Number: 5816
Registered: 03-2009
Posted From: 204.124.181.143

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Posted on Wednesday, November 11, 2009 - 11:21 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Life lo okkasaari anna happy news tho oka thread veyyi mahanubhaavaa
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Ashton
Side Hero
Username: Ashton

Post Number: 2480
Registered: 05-2008
Posted From: 66.84.38.88

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Posted on Wednesday, November 11, 2009 - 11:02 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

http://news.yahoo.com/s/ap/20091111/ap_on_re_us/us_state_bud gets

SACRAMENTO, Calif. – A study released Wednesday warns that nine states are barreling toward an economic disaster similar to California's ongoing fiscal crisis that has been marked by IOUs and budget-busting deficits.

The budget woes could mean higher taxes, accelerated layoffs of government employees, more crowded classrooms and fewer services in the coming year for some of the nation's most populous states.

Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin join California as those most at risk of fiscal calamity, according to the report by the Pew Center on the States.
Double-digit budget gaps, rising unemployment, high home foreclosure rates and built-in budget constraints are the key reasons.

The analysis urged lawmakers and governors in those states to take quick action to head off a wider economic catastrophe. The 10 states account for more than one-third of America's population and economic output, according to the report.

"While California often takes the spotlight, other states are facing hardships just as daunting," said Susan Urahn, managing director of the Washington, D.C.-based center. "Decisions these states make as they try to navigate the recession will play a role in how quickly the entire nation recovers."

California leads the most vulnerable states identified by Pew, which describes it as having poor money-management practices. According to the Legislative Analyst's Office, California has made nearly $60 billion in budget adjustments — in the form of cuts to education and social service programs, temporary tax hikes, one-time gimmicks and stimulus spending — since February as tax revenues plunged.
Many of those fixes aren't expected to last. The state's temporary tax hikes will begin to expire at the end of 2010, while federal stimulus spending will begin to run out a year after that.

Gov. Arnold Schwarzenegger estimates California will likely run a deficit of between $12.4 billion and $14.4 billion when he releases his next spending plan in January. The top estimate amounts to 17 percent of the state's $84.6 billion general fund budget, the main account for day-to-day spending. General fund spending in California has dropped nearly $20 billion over the past two years.

The governor warned that the toughest cuts are ahead.

"I think that we are not out of the woods yet," Schwarzenegger said this week.
V-I-K-I-N-G-S
Skol, Vikings, let's go


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