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States Make Tough Calls To Close Budget Gaps

Jul 17, 2012
Originally published on July 17, 2012 11:30 am

Over half of U.S. states will have to close a combined budget gap of 55 billion dollars, according to a report by the Center on Budget and Policy Priorities in the 2013 fiscal year. To avoid raising taxes, most states are implementing continued cuts to deal with budget shortfalls.