Ever wondered which states had the worst budget deficit problem? The Wall Street Journal recently compiled data and produced a visualization showing each state’s budget gap. While California is taking the lead (no surprise there), I was surprised to see the deficit gaps the largest in the most populated states. It almost hints at the problem of maintaining a growing population, but then if the population is growing, so are tax revenues. So what’s the problem? I won’t go there but the graph is fascinating!
Check it out: Wall Street Journal State Budget Gaps