by Calculated Risk on 7/23/2008 01:44:00 PM

From the WSJ: States Face Threefold Increase In Budget Shortfall for 2009

A new report is projecting that the cumulative fiscal-year 2009 budget shortfall for U.S. states will more than triple to $40.3 billion as the economic slump makes it more difficult for states to collect sufficient revenues.

More ripples from the weak economy.