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State Fiscal Crisis: Insights for Rhode Island |

Delve into the fiscal condition of states in a comprehensive presentation to the Rhode Island House of Representatives Economic Forum on December 1, 2009, by Arturo Pérez from the NCSL Fiscal Affairs Program. Gain valuable information on the dire state fiscal situation and unprecedented revenue challenges faced by states, with an estimated budget gap of $386.8 billion from FY 2008 to FY 2012. Explore historical U.S. business cycle downturns from 1929 to 2009 in terms of duration in months. |

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State Fiscal Crisis: Insights for Rhode Island |

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    1. Fiscal Condition of the States Presentation to the Rhode Island House of Representatives Economic Forum December 1, 2009 Arturo Prez Fiscal Affairs Program NCSL

    2. Overview The state fiscal situation is dire. The current revenue situation is nearly unprecedented, at least in recent decades. To date, states have reported a total estimated budget gap of $386.8 billion (FY 2008 through FY 2012).

    3. U.S. Business Cycle Downturns 1929-2009: Duration in Months

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