States facing big budgetary troubles ahead

There could be some difficult times ahead for state and local governments, according to an analysis by the National Association of State Budget Officers.

There certainly have been some high-profile budget conflicts across the nation. New Jersey and Maine both recently reached deals to end brief government shutdowns. Connecticut’s General Assembly and governor are still deadlocked over how to deal with a structural deficit due to mounting debt and pension costs.

Then there is Illinois. The...

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