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Thread: *State Budget Deficits* and How States are going to fix it!

  1. #1
    James Edward Buchanan,III's Avatar
    James Edward Buchanan,III is offline Moderator: (On leave of Absence)

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    Unhappy *State Budget Deficits* and How States are going to fix it!

    Busted budgets beyond our borders; and how states are proposing to shore them up...

    Michigan

    Deficit: $1.4 billion
    Taxes and fees
    Increase permit
    and state park fees
    Double liquor annual licensing fees
    and the 32 percent tax on tobacco
    products other than cigarettes
    $670 million budget cuts
    School aid
    Possible early parole up to 4,000
    inmates
    Review centralizing budget,
    purchase and personnel services
    and cut state government from 18
    departments to eight
    Impact on state employees
    $28 million in wage and benefit
    concessions to state employees and
    1,500 state employees face possible
    lay off





    Georgia

    Deficit: $2.5 billion
    Taxes and fees
    1.6 percent levy on
    hospital and health insurer revenues
    to help fund Medicaid
    Budget cuts
    Tax relief grant program, $428
    million
    Basic education fund, $350 million in
    2009; additional $275 million in 2010
    Close four prisons and two probation
    centers
    Cut funds to clean up hazardous
    waste sites and illegal garbage dumps
    Impact on state employees
    Department of Corrections to
    furlough all employees, including
    prison guards starting March; prison
    guards and other ‘mission critical’
    employees would face two unpaid
    days; others would have four days
    Department of Family and Children







    Connecticut

    Deficit: $1.35 billion
    Taxes and fees
    Increase fees in more than 1,000
    separate licenses and permits
    (driver’s licenses, vehicle
    registrations, liquor permits, fishing
    licenses, etc.)
    Spend entire $1.4 billion “rainy
    day” fund
    Budget cuts
    Close 81 local probate courts
    Eliminate or consolidate 23 state
    agencies and 70 commissions
    Impact on state employees
    Cut 800 from state workforce
    $570 million in concessions from
    state employees
    Early retirement incentive to avoid
    layoffs

    (This information was compiled from, "The Torch"; March, 29: Volume 3 : Number 3)

    ~JB3
    Last edited by James Edward Buchanan,III; 06-22-2009 at 08:15 AM.

  2. #2
    David Copeland's Avatar
    David Copeland is offline Administrator
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    Re: *State Budget Deficits*

    Did you mean to post this in the Executive Member's area?

  3. #3
    James Edward Buchanan,III's Avatar
    James Edward Buchanan,III is offline Moderator: (On leave of Absence)

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    Thumbs up Re: *State Budget Deficits*

    Quote Originally Posted by David Copeland View Post
    Did you mean to post this in the Executive Member's area?
    David,

    I was really not sure on where I should post this one... So to be on the safe side, I posted it here.

    David, please move this post if there is a more appropriate spot for it...

    Thanks,

    ~JB3

  4. #4
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    Re: *State Budget Deficits*

    Quote Originally Posted by James Edward Buchanan,III View Post
    David,

    I was really not sure on where I should post this one... So to be on the safe side, I posted it here.

    David, please move this post if there is a more appropriate spot for it...

    Thanks,

    ~JB3
    Done.

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