The National Conference of State Legislatures (NCSL) has released its Update on State Budget Gaps: FY 2009 & FY 2010 on January 30, 2009. States closed a cumulative gap of nearly $40 billion as they prepared their FY 2009 budgets, and now face a sizable gap of an additional $47.4 billion that has opened since budgets were completed. The report also shows half of the states are projecting a cumulative shortfall of $84.3 billion for FY 2010, a gap likely to grow as more states assemble revenue and expenditure forecasts for the coming fiscal period. This report provides an up-to-date account of states budget conditions while NCSL's last State Budget Update: November 2008 provides a 60-page report which also gives an overview of FY 2009 revenue performance for each state and highlights actions legislatures are expected to take to close FY 2009 budget gaps.
Before reading, click here to see a colorful US map highlighting the state budget gaps
(will open in a new window) as survey from late last year. Since this report came out early February, the budget scenarios have worsened
; as such, what we'll take about may be worse.
Here's the link to the report
- this is worthy read
Do you see what I see? Do you recruit only from within states with challenging budget forecasts? Do you recruit from states with depressed economies, where you may find an incredible person for your organization only to find that their house is worth less than they owe?
I'm thinking now is the best time to push for telecommuting; managers who have historically held tightly to their command and control styles need to be re-educated.
What other far fetched
ideas that recruiters have had should now be considered when searching for talent?