Many states are turning to legalized gambling to help fill holes in their budgets. But gambling revenue is not a long-term fix for budget problems.
States have launched into their 2011 fiscal year saddled with many of the same state budget problems that they had the year before. Forty-six states have a fiscal year that starts July 1.
All but one state (Vermont) saw tax collections and other funds fall for the second quarter in a row. Over the past year, they’ve lost more than they got in federal stimulus money.
Tax protesters gather around the country. Is it a GOP put-up job?
At least six governors have said they may refuse money, but will they face a backlash?
Soaring inflation and shrinking tax revenues will make it tougher for at least 25 states to fund public services.