Despite improved news on the budget fronts for most states, at least 10 states are projecting deficits in fiscal 2004, according to a recent report by the National Conference of State Legislatures.
Budget Gap | ||
| Amount (millions) | Percent of general fund | |
| Alaska | $320 | 14.0% |
| Connecticut | 38.1 | 0.3 |
| Indiana | 800 | 7.1 |
| Iowa | 63 | 1.2 |
| Kentucky | 262.4 | 3.6 |
| Michigan* | 505* | 5.6* |
| Mississippi | 60 | 1.7 |
| Missouri | 240 | 3.5 |
| Nebraska | 90 | 3.4 |
| Rhode Island | 15 | 0.5 |
*Michigan also faces a $361 million deficit in its School Aid Fund, which represents 2.9 percent of the fund.
SOURCE: National Conference of State Legislatures
