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43 states face financial issues with recession

CNN has reported that with the onset of the recession, 43 states are facing financial problems.

State budgets typically start on July 1, which means that most states are almost halfway through the fiscal year. Options the states have explored include cutting spending, using reserves, and raising revenues.

States not facing budget shortfalls include Texas, Hawaii, Montana, and Indiana. The Guardian has reported that despite these reports, still 50 states are asking for funding for things like healthcare and infrastructure.