Economic Stimulus and State Budget Gaps

Tracking the recession: Lawmakers dreading end of stimulus dollars, By Stephen C. Fehr, July 27, 2009, Stateline.org: “Whether they welcomed or snubbed the federal economic stimulus package, state lawmakers took advantage of the bailout dollars this year to help patch their state’s shaky finances.  Now, as they start thinking ahead to next year’s budget and the 2010 elections, lawmakers are increasingly apprehensive about what will happen when the stimulus money dries up. They predict even deeper cuts in services, higher taxes and raids on rainy day funds to balance budgets…”