States are facing a great fiscal crisis. At least 47 states faced or are facing shortfalls in their budgets for this and/or the next year or two. Combined budget gaps for the remainder of this fiscal year and state fiscal years 2010 and 2011 are estimated to total more than $350 billion.......
......The deficit figures for FY2010 and FY2009 show the impact the economic downturn has had on state budgets. These figures are the total size of the shortfall identified by each state listed. In some cases all or part of this shortfall has already been closed through a combination of spending cuts,
