July 2, 2009
Charities Must Unite in State Budget Battles
During the first week of July, state governments will post their budgets for the 2010 fiscal year.
This time last year, 29 states announced that they would post deficits for 2009. All totaled, their projected shortfall was a staggering $47-billion.
While the remaining 21 states did not post deficits, few boasted financial strength, and none was prepared for the economic earthquake that hit just before last fall's presidential election.
Since then, few states have been
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