Delaware makes AP’s national feed.
The finances of many states have deteriorated so badly that they appear to be in a recession, regardless of whether that’s true for the nation as a whole, a survey of all 50 state fiscal directors concludes. (snip)
The situation looks even worse for the fiscal year that begins July 1 in most states.
The situation is grim in Delaware, with a $69 million gap this year, and bleak in California, with a projected $16 billion budget shortfall over the next two years, the report said. Florida does not expect a rapid turnaround in revenue because of the prolonged real estate slump there.
The last part reminds me…don’t Delaware counties get a chunk of their operating budgets from real estate transfer taxes ?
Okay here is the plan: everybody take up chain smoking and heavy slot machine gambling. Use the proceeds from your slots winnings to buy a few dozen houses and BANGO! budget problems solved.