Saturday, May 30, 2009

I Guess We're Broke Too

Yet another reason why my pessimism is increasing: broke states.

House Appropriations Committee Chairman Dwight Evans (D., Phila.) says continued slumping state revenue figures have bumped this year's projected deficit up to $3.2 billion, $1 billion more than Gov. Rendell predicted three months ago, and have raised the prospect of an increase in the personal-income tax.