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A spate of recent articles have lumped together the fiscal problems of states and localities. Lav, mcnichol: the large operating deficits that most states are projecting for 2012 are caused by the weak economy. They say longer-term issues related to bond indebtedness, pension obligations, and retiree health costs can be addressed.
A spate of recent articles have lumped together the fiscal problems of states and localities. Lav, mcnichol: the large operating deficits that most states are projecting for 2012 are caused …