The subprime credit crunch and rising oil prices have rattled the country's economy, and states are feeling the pressure as well. Twenty-eight states and the District of Columbia are expected to face budget deficits in 2009 following decreases in sales tax and property tax revenue. It's no worse than in California, which faces a $16 billion shortfall. But state lawmakers are getting creative. We talk with California Assemblyman Jim Beall, D-San Jose, who is proposing a "six-pack tax."
The story you just read is freely available and accessible to everyone because readers like you support The World financially.
Thank you all for helping us reach our goal of 1,000 donors. We couldn’t have done it without your support. Your donation directly supported the critical reporting you rely on, the consistent reporting you believe in, and the deep reporting you want to ensure survives.