So far, 20 states have gaps in excess of 5 percent of their general fund budgets, and five of these states have gaps greater than 10 percent. The largest shortfalls are in Oklahoma (18.5 percent) and Arizona (18 percent).
I took a look at the budget report from the National Conference of State Legislatures. It’s official. Oklahoma has the largest budget gap. The group surveyed state officials from across the country. Some states are already seeing a rebound from the economic crunch. It seems that Oklahoma is still in the slump. The report says state officials expect the economy to improve when, “natural gas prices and production increase.”
Where are all those CNG cars when you need them?