...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.
12 November 2009
West Virginia: Almost Nothing Like California
Posted by Lawrence Messina at 9:00 AM
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment