New Podcast: Susan Urahn of the Pew Center on the States
November 18, 2009
As Joe wrote last week, the Pew Center on the States released a report on state budgets evaluating the factors that led to California’s crisis and identifying other states that face similar problems. “Beyond California: States in Fiscal Peril” shows that Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin join California as the states most at risk financially. In this week’s podcast, Susan Urahn, Managing Director of the Pew Center on the States, discusses what these states have in common and other key trends of the study.
“One of the really challenging aspects of this recession for states has been that many of the tools that states use to manage these recessions tend to be short-term tools, whether it be borrowing some money, putting off paying bills, temporary tax increases, temporary spending cuts – things that will hopefully get them through a year or get them through a couple years until the economy turns around,” Urahn says. “One of the characteristics of this recession has been it’s going to generate what looks like a relatively long recovery period.”
Listen to the full podcast here: Susan Urahn of the Pew Center on the States: States in Fiscal Peril