The California of New England, but Not in a Good Way
Here is the Christian Science Monitor‘s bleak summary of the results of a rapidly-circulating Pew Center on the States report, which says that 9 other states are facing California-like fiscal disaster in the near term…
The “great recession” may be over, but its impact on state governments is still unfurling – and could threaten America’s fragile economic recovery…Rhode Island is one of the nine, achieving a score of 28 out of a possible 30 points for Californianess.
The Pew Center on the States released a report concluding that nine states have joined California in a condition of “fiscal peril.” Their budget troubles could cause a round of job cuts and tax hikes in states from Florida to Illinois and Oregon.
A link to the entire report and report summary is available here.