There’s no truer truism. Ian puts RI’s budget woes in context, with some help from the Washington Post:

NEW YORK — Faced with a weak national economy and a worsening housing crisis, a growing number of states are confronted with severe budget deficits, forcing some governors to come up with creative — some say risky — budget gimmicks to find new sources of cash.

At least 13 states — led by California, New York and New Jersey — are facing huge shortfalls for the next fiscal year, and about a dozen others are in serious financial difficulty, according to various budget estimates, reports from the governors, and a survey by the Center on Budget and Policy Priorities, a Washington think tank.

Tags: budget, rhode island

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