The Senate Site: Distant Early Warning

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Monday, December 10, 2007

Distant Early Warning

Pamela M. Prah wrote this for Stateline.org:

"A slumping housing market and skimpier sales tax collections will force as many as 20 states to go back and patch holes in their budgets in 2008...."

Utah won't need to go through that this year.

Thankfully.

Keep a weather eye out for next year.

Utah, like most states, maintains a balanced budget. The article goes on to say, "If tax revenues come in less than what a state had projected, then a state either has to cut programs or find other sources of revenue."

Sustainability. Inevitable fluctuations of the economy. Little things that keep us up at night, even as we ride a wave of unprecedented prosperity.

More state stats here: The Fiscal Survey of States

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