Georgia is facing a $2 billion shortfall. The state isn’t alone in its economic problems. Sujit CanagaRetna, senior fiscal analyst with The Council of State Governments’ Southern office, the Southern Legislative Conference, discussed those economic woes recently with Georgia Public Television.
States were looking at a depressed financial picture before turmoil hit Wall Street. CanagaRetna said the national economic trends impact state budgets. With falling GDP numbers, rising unemployment and tenuous consumer spending, a perfect storm has hit states’ budgets.
Hear more from the interview at Georgia Public Television’s Georgia Weekly.