Bloomberg BNA: Low Tax Revenue Fuels State Deficits, Budget Battles

In more than a dozen other states, legislators fought down to the wire. Maine and New Jersey were forced into brief government shutdowns. Much press was given to New Jersey Gov. Chris Christie’s (R) time at the beach over the July 4th weekend when some stretches of state coastline were closed to beach-goers.

“In some states, it seems like this is the approach they take,” Meg Wiele, deputy director of the Institute on Taxation and Economic Policy, told Bloomberg BNA. Some legislatures just don’t settle on a budget until the end of a legislative session, such as for those bodies that don’t meet year-round, she said. Read more