Today is Tuesday, 26th November 2024

Budget Problems in Missouri and Kansas

From KansasCity.com:

The nation’s recession already has gut-punched Americans at home. Now it’s hitting the statehouses hard.

Missouri and Kansas open their legislative sessions in a few days in the midst of what some lawmakers are calling a once-in-a-generation money crisis.

Mounting job losses. Plummeting home values. And now consumer spending declines have sent tax revenues dropping sharply. Lawmakers may be forced to dig deep into state spending just to stanch the red ink and keep their budgets balanced.

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