Come here often? Make your homepage » close


Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

24/7 Wall St: 10 States That Can't Pay Their Bills

States That Can't Pay Their Bills

Balancing the budget is not just a federal problem, but a state one as well. The Great Recession resulted in some of the worst state revenues and budget shortages of all time. According to a report on state budgets by the Center for Budget Policy Priorities, dozens of states faced shortfalls of hundreds of millions — or even billions — of dollars.

24/7 Wall St. has examined the 10 states that had budget shortfalls of 27 percent or more of their general funds for fiscal year 2011 — the states that were short the most money before they balanced their budgets. For the most part, the states with the worst budget gaps also had among the most anemic economies. Because of their budget shortfalls, all of them have been forced to make dramatic cuts to government services.

Is your state on the list? Read on to find out.

(iStock Photo)

More From 24/7 Wall St.:
Best-and worst-run states in America
The Most Popular American Companies in China
The Worst Product Flops of 2011

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

Ad Info - Ad Feedback

Ad Info - Ad Feedback