Most states have to cut their budgets for the 2010 fiscal year, but the intensity of the problem varies from state to state.
Colorado's state budget woes are in the middle of the pack, nationally. Colorado has a 19% of general fund shortfall, compared to a median shortfall of 18%. California and Illinois have reached the point where they have had to pay obligations with IOUs within the last year because they have run out of money. States like Arizona, Nevada and New York are also in dire state budget situations. The percentage shortfall in the general fund that must be resolved with revenue increases and spending cuts is shown before for all fifty states.
1. California 49%
2. Illinois 47%
3. Arizona 41%
4. Nevada 38%
5. New York 32%
6. Alaska 30%
6. New Jersey 30%
8. Vermont 25%
9. Georgia 24%
10. Florida 23%
10. Wisconsin 23%
10. Kansas 23%
10. Connecticut 23%
10. Washington 23%
15. Louisiana 22%
15. North Carolina 22%
17. Minnesota 21%
17. Maine 21%
19. Utah 20%
20. Hawaii 19%
20. Colorado 19%
20. Maryland 19%
20. Rhode Island 19%
24. Massachusetts 18%
24. Pennsylvania 18%
24. Delaware 18%
27. Alabama 17%
28. Idaho 16%
28. New Hampshire 16%
30. Oregon 15%
31. Oklahoma 14%
32. Iowa 13%
32. South Carolina 13%
34. Ohio 12%
34. Michigan 12%
36. Kentucky 11%
36. Virginia 11%
38. Tennessee 10%
38. Texas 10%
38. Missouri 10%
38. Mississippi 10%
42. Indiana 8%
43. New Mexico 6%
44. West Virginia 5%
45. Nebraska 4%
46. Arkansas 3%
46. South Dakota 3%
48. Wyoming 2%
49. North Dakota 0%
49. Montana 0%
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