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Stateline: State Budgets Explained

From Stateline:

Not only has 2011 been the toughest budget year in a long time for many states. It’s also been one of the most confusing in terms of understanding how big the budget gaps really are.

In Texas, some people talk of a $15 billion budget shortfall. Others put it vastly higher, at $27 billion. Statehouse reporters, unwilling to pick sides, often describe the shortfall as “between $15 billion and $27 billion.”

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