UPDATED- Round-Up of States Reporting Budget Shortfalls as a Result of COVID-19



Unlike the federal government, states cannot run operating budget deficits. Every state in the union, with the exception of Vermont, has some type of balanced budget requirement.  Therefore, below is a list of the States that have disclosed budget issues arising from the COVID-19 pandemic.  There are the states that have issued some statement:  

  • California predicts $54 billion shortfall- CLICK HERE 
  • Colorado faces $6.8 billion hit to state budget in coming years- CLICK HERE
  • Hawaii faces $1 billion hole in the state budget- CLICK HERE
  • Illinois faces a $6.2 billion shortfall when the new fiscal year begins July 1- CLICK HERE
  • Michigan predicts $3.2 billion budge shortfall- CLICK HERE
  • Nevada forecasts that it will see a $700 to $900 million decrease in projected revenue- CLICK HERE
  • New Mexico's nearly $2 billion budget deficit will likely require deep cuts- CLICK HERE
  • North Carolina anticipates more than $3 billion budget shortfall- CLICK HERE.
  • Washington State, unofficial reports that state will post a revenue shortfall of $7 billion- CLICK HERE
  • West Virginia budge deficit grows to $198 million as of April- CLICK HERE

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