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-- 25 reduced it for K-12 schools and other educational programs;
-- 27 cut healthcare benefits for low-income children and families;
-- 26 have hiring freezes;
-- 22 lowered state workers' wages; and
-- 13 announced layoffs.
Given projected huge new shortfalls and reduced federal aid, even greater tax hikes and budget cuts are coming. They'll likely "trim nearly a full percentage point off GDP that), in turn, could cost the economy 900,000 jobs next year." According to the CBPP:
"The federal assistance that states received for (Medicaid) under this year's economic recovery legislation is scheduled to end with a 'cliff' on December 31, 2010, and (aid they got) for education and other services also will be largely exhausted by then."
Since Q 4 2008, state tax receipts have been declining. In the latest "critical April - June quarter, when a major portion of (their) tax revenues are collected, (they) dropped 16.6 percent in 2009 compared to the previous year."
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