Budget Nightmare: 10 Most Broke States

[Midnight Mike]

California: $53.7 billion shortfall or 58 percent of its budget

Arizona: $4 billion shortfall or 41 percent of its budget

Nevada: $1.2 billion or 38 percent of its budget

Illinois: $9.2 billion or 33 percent of its budget

New York: $17.9 billion or 32 percent of its budget

Alaska: $1.35 billion shortfall or 30 percent of its budget

New Jersey: $8.8 billion or 30 percent of its budget

Oregon: $4.2 billion or 29 percent of its budget

Vermont: $278 million or 25 percent of its budget

Washington: $3.6 billion or 23 percent of its budget

Connecticut: $4.1 billion or 23 percent of its budget

http://abcnews.go.com/print?id=8016634

[cancidas]

California: $53.7 billion shortfall or 58 percent of its budget
just read in the times today that CA is isuing IOUs instead of payroll checks. wow...

[T-Bird76]

California: $53.7 billion shortfall or 58 percent of its budget
just read in the times today that CA is isuing IOUs instead of payroll checks. wow...

These mature on Oct 3 and most of the banks that once said they'd honor them now are backing out. We could very well see the first state bankruptcy take place with C.A.

[mirrodie]

MIke, lets; start with CA. Why did they pay over a million for Michael Jacksons funeral???????????????? The jacksons could have footed that bill.

[Matt Molnar]

MIke, lets; start with CA. Why did they pay over a million for Michael Jacksons funeral???????????????? The jacksons could have footed that bill.
Eh, I wasn't a big fan of that either, but all the folks who flew out there for the service probably added a couple million bucks to local coffers so it's not such a big deal.

[Midnight Mike]

MIke, lets; start with CA. Why did they pay over a million for Michael Jacksons funeral???????????????? The jacksons could have footed that bill.

LA made some nice money from the tourist dollar, now, I would have liked to have seen the police costs paid for, the city will make out in the end.