Financial Times FT.com

Nine states suffer Californian fiscal disease

By Nicole Bullock in New York

Published: November 11 2009 18:02 | Last updated: November 11 2009 18:02

Some of the same financial troubles that have pushed California toward economic disaster are wreaking havoc in nine other states and posing a threat to the nascent recovery, according to research released on Wednesday.

“California’s fiscal problems are in a league of their own,” says Susan Urahn, managing director of the Pew Center on the States, which conducted the research, “but the Golden State is hardly alone.”

Las Vegas, Nevada

Sign of the times: Nevada lost tax revenue because of its reliance on gambling, which fell in the downturn

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