Mineral-rich states such as New Mexico, Alaska and Montana saw revenue growth in the beginning of the recession as a result of high oil prices, but the recent decline in oil prices has affected revenues in these states. Only two states — Montana and North Dakota — have not reported budget shortfalls, but the recession has dampened those states’ surpluses, which were largely mineral-driven as well.
Source: Center on Budget and Policy Priorities
Was this article valuable?
Here are more articles you may enjoy.
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
Progressive Insurance Helps First-Time Homebuyers With Down Payments 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
Berkshire CEO Abel Says Insurance Becoming Increasingly Competitive From This Issue
