The HS Dent Financial Blog

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10 States In The Worst “State”

The FT ran a story this morning that describes 10 states as being much like California in not only their budget woes, but also their constraints in dealing with their fiscal issues.  The problems include loss of revenue, large budget gaps, legal obstacles to closing those budget gaps, and a history of mismanagement.  This is an issue that has been of particular interest to us for a long time, as we see it continuing to deteriorate, not improve, in the years ahead.  The affects of this are obvious and already appearing - less social services, longer waits for government services in general, and crowded classrooms.  Welcome to the future.