12 November 2009

West Virginia: Almost Nothing Like California

...And that's a good thing, according to a new Pew Center on the States report. It reviews various economic indicators for signs of the sorts of fiscal distress that have rocked the Golden State.

The findings: at least nine other states "are also barreling toward economic disaster, raising the likelihood of higher taxes, more government layoffs and deep cuts in services," The Associated Press reports. "

"Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin are also at grave risk," the article said, citing the Pew review. "Double-digit budget gaps, rising unemployment, high foreclosure rates and built-in budget constraints are the key reasons."

The study includes West Virginia among 10 states "least similar to California," and also awards it a "B" grade for its money management practices.

AP had earlier contrasted West Virginia's recent bad budgetary news with reports emerging from other states.

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