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Fiscal Condition of the States Presentation to the Rhode Island House of Representatives Economic Forum December 1, 20

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Fiscal Condition of the States Presentation to the Rhode Island House of Representatives Economic Forum December 1, 20

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    1. Fiscal Condition of the States Presentation to the Rhode Island House of Representatives Economic Forum December 1, 2009 Arturo Prez Fiscal Affairs Program NCSL

    2. Overview The state fiscal situation is dire. The current revenue situation is nearly unprecedented, at least in recent decades. To date, states have reported a total estimated budget gap of $386.8 billion (FY 2008 through FY 2012).

    3. U.S. Business Cycle Downturns 1929-2009: Duration in Months

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