The state fiscal crisis has been deep and prolonged. States have struggled to close deficits that have totaled approximately $190 billion over the past three years. And, as states debate and enact budgets for fiscal year 2005 (which, in most states, begins on July 1, 2004), they are facing deficits of roughly another $40 billion for that year. Federal policies, which have reduced state revenues and imposed additional costs on states, have played a significant role in enlarging these deficits and are impeding states' fiscal recovery.
Did you find this white paper useful?
28 out of 50 users found this white paper useful
Related white papers
Measuring the Return on IT Security Investments
Intel IT developed a model for measuring return on security investment (ROSI) in our manufacturing environments that produces a much higher level of accuracy than other methods currently available.
Amplifon Upgrades ERP Solution as Support for Growth and Acquisitions
Amplifon is a world leader in distributing and customizing hearing aids. The group has a distribution network composed of 2,800 of its own retail outlets plus 2,000 affiliated shops and...
CNIM Group Successfully Migrates Its Subsidiary's Financial Applications to Reduce Costs
CNIM Group (Constructions Industrielles de la Mediterranee) develops turnkey industrial solutions in three major product and services sectors: the environment, mechanical engineering, and energy. The challenge was to modernize the...
Marex Financial Ltd Transitions to Operational Independence, Meets Three-Month Deadline
Marex Financial Ltd is an independent brokerage and foreign exchange company offering comprehensive coverage of key global commodities, financial futures, options, and foreign exchange. The challenge was to achieve systems...
Northern and Shell Cuts Costs With Streamlined, Simplified Financial Management Processes
Northern and Shell Group Ltd owns and publishes a wide range of media titles including the Daily Express, Daily Star, OK! And various television channels. The challenges were to streamline...
At the Forefront of Multi-Channel Banking
The Woolwich is the first U.K. financial institution to provide interactive mobile banking services via WAP technology and the only bank with true channel integration across branches, telephone, Internet, WAP...
The Direction of Financial Crime and the Needs of the Industry to Detect and Prevent
In response to efforts by banks and law enforcement to combat fraud, criminals are using more complex and sophisticated techniques. The attendee of this webcast will learn about the evolution...
