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A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.
The 2008 budget crisis in Nevada was a fiscal crisis in which the state faced a budget shortfall of at least US$1.2 billion out of a $6.8 billion budget. [1] The budget crisis was a result of the larger subprime mortgage crisis and the late-2000s recession.
The 2008 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2007 – September 30, 2008. The requested budget was submitted to the 110th Congress on February 5, 2007. [1] The government was initially funded through a series of four temporary continuing resolutions.
News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...
State spending increased from $56 billion in 1998 to $131 billion in 2008, and the state was facing a budget deficit of $40 billion in 2008. [6]California faced a $26.3 billion budget deficit for the 2009–2010 budget year. [7]
The Oklahoma State Budget for Fiscal Year 2008, was a spending request by Governor Brad Henry to fund government operations for July 1, 2007–June 30, 2008.Governor Henry and legislative leader approved the budget in May 2007.
The Kansas state fiscal year begins July 1 and ends June 30. On October 1 all of the state's agencies submit their budget requests to the governor and the legislature. Kansas has 20 state agencies which operate on a biennial system but are authorized to file budget adjustment requests every other year.
The year 2008, as of September 17, had seen 81 public corporations file for bankruptcy in the United States, already higher than the 78 for all of 2007. The largest corporate bankruptcy in U.S. history also made 2008 a record year in terms of assets, with Lehman's size—$691 billion (~$960 billion in 2023) in assets—alone surpassing all past ...