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…
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.
Rhode Island is one of the nine, achieving a score of 28 out of a possible 30 points for Californianess.
A link to the entire report and report summary is available here.

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Monique
Editor
11 years ago

“Wish they all could be California …”
(Actually, in this case, not so much.)

Warrington Faust
Warrington Faust
11 years ago

I wonder why the “green” stats are in the middle of the country. I know that Texas is “industrializing”, but I have no idea about the Dakotas and the other states.

Ken
Ken
11 years ago

Warrington Faust,
Maybe it has something to do with the states having low unemployment rates and/or low housing foreclosure rates.

MadMom
MadMom
11 years ago

At least California has the wine country, fabulous sunny weather, and a major technology sector, including biotech. Why am I here? Must be the meatballs and gravy.

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