State Budget Woes Abound
A blog post last week featured a link to a news article about the Lansing Chamber's "Countdown to Shutdown" billboard. Well, news out of Michigan suggests they are right on track.
The Detroit News reported todaythat Michigan Governor Jill Granholm sent letters informing state employees of a layoff starting Oct 1 - tomorrow. The thousands of pink slips were sent because state leaders have failed to pass a constitutionally mandated budget before Oct 1.
Click here to read more: Granholm sends layoff notices ahead of shutdown
Michigan isn't the only state with budget woes. The Wall Street Journal reported today, "state tax revenues in the second quarter plunged 17% from a year earlier." Declining tax revenue is forcing states to reevaluate service levels.
Click to read: Falling Tax Revenues Slam States
Do you have ideas for "smart cuts" to help state and local governments balance revenue and expenditure? Leave a comment or share them on the Policy Clearinghouse Group on LinkedIn.