I have made a few posts on here in relation to the economic situation of California, i know other states are in trouble to but I did not realize how many. 32 of the 48 states did not make budget this fiscal year. 1000′s of people working for their state have lost their jobs due to cut back and now another 31,000 people will lose their jobs.
Indiana is one of five states — along with Arizona, California, Mississippi and Pennsylvania — bracing for possible shutdowns this week as time runs out for lawmakers to close billion-dollar gaps in their fiscal 2010 budgets.
In California, state finance officials will begin issuing IOUs on Thursday if lawmakers and the governor cannot agree on a way to close a $24-billion shortfall. The IOUs would go to local governments, vendors, taxpayers and college students receiving state financial aid. California has issued such IOUs only one other time — in 1992 — since the Great Depression.
