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Mind the gaps, muni investors.
Topic Started: Jan 21 2011, 08:40 AM (115 Views)
brenda
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..............
http://www.businessinsider.com/biggest-state-budget-gaps-2012-2011-11#

States Have Bulging Budget Gaps For Next Year

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The state budget crisis will continue next year, and it could be worse than ever. That's part of what's freaking out muni investors, who last week dumped them like they haven't in ages.
States face a $112.3 billion gap for next year, according to the Center on Budget and Policy Priorities. If the shortfall grows during the year -- as it does in most years -- FY2012 will approach the record $191 billion gap of 2010. Remember, with each successive shortfall state budgets have become more bare.
Things could be especially bad if House Republicans push through a plan to cut off non-security discretionary funding for states, opening an additional $32 billion gap.


Click on the article url for links to the list of the top 15 states with budget gaps.
“Weeds are flowers, too, once you get to know them.”
~A.A. Milne
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Kincaid
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HOLY CARP!!!
Wonder if that money flowing out of municipal bonds is now going into the stock market?
Kincaid - disgusted Republican Partisan since 2006.
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