For Many American States, It's Like the Recession Never Ended

http://www.bloomberg.com/news/articles/2015-05-20/six-years-into-recovery-u-s-states-struggle-to-balance-budgets

A majority of states are making cuts, tapping reserves or facing shortfalls despite an improving national economy and stock markets at record levels, according to Standard & Poors and the Nelson A. Rockefeller Institute of Government. State revenue hasn’t rebounded to a prerecession peak adjusted for inflation, and other factors are putting pressure on budgets.