NY scores better than 12 states on “fiscal peril” scale
New York received a score of 20 on the Pew Center on the States’ new report evaluating whether states are in fiscal peril. All states were compared with California, which received the highest score—30. Revenue is down more in New York than California—17.1 percent to 16.2 percent. The national average is 11.7 percent.
New York faces a mid-year budget deficit of $3.2 billion, and lawmakers and the governor are in negotiations on how to close the gap.
New York scored better than 12 states, including California. The other 11 are Arizona (28), Rhode Island (28), Michigan (27), Nevada (26), Oregon (26), Florida (25), Wisconsin (22), Illinois (22), Colorado (21), Georgia (21) and Kentucky (21).
New York’s fiscal situation is on a par with Maine, Mississippi and Washington, which all scored 20. Wyoming scored the best with a 6.
The report, “Beyond California: States in Fiscal Peril,” shows that the recession has severely impacted states from different geographic regions and with different kinds of economies, tax structures and political leanings, according to the Pew Center.
“Though New York’s population is similar to states like California, Florida, Wisconsin, and Illinois, this report demonstrates that unlike their economies, which are on the verge of collapse, actions we have taken to maintain a balanced budget and secure access to vital services for at-risk or unemployed families has kept New York’s economy stable even in an economic crisis,” Senate Finance Committee Chairman Carl Kruger, D-Brooklyn, said in a statement.
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Another all too typical example of “figures don’t lie, but liars figure.” If any of this is true, it’s because we are ALREADY taxed into oblivion to pay for all the nonsense in NY, and EVEN THAT IS NOT ENOUGH to keep this state afloat.
I see Illinois made the list, the land of Obama. Come on now, with all that “Obama Money” floating around you would think he would have sprinkled a little on his own home state right??
And to think of all the Chicago politicians we have swarming around the White House right now… hmmm, I doubt they would bring that same corruption to the federal level right?? Doubt it.