Sujit M. CanagaRetna This is Me

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1. 1. SLC::Serving the South

   www.slcatlanta.org/staff_and_s - [Cached]

   Published on: 6/5/2008   Last Visited: 6/5/2008

   Sujit M. CanagaRetna Senior Fiscal Analyst

2. 2. www.govpro.com

   www.govpro.com/News/Article/81 - [Cached]

   Published on: 7/24/2008   Last Visited: 7/25/2008

   ,As the national economy continues to be buffeted by the storms of the housing slump, credit crunch and energy hikes, most state governments are valiantly trying to bridge shortfalls that have appeared in their current (fiscal year 2008) budgets and enact balanced budgets for the upcoming year (fiscal year 2009),, said Sujit CanagaRetna, who is senior fiscal analyst for the Council of State Governments (CSG).Headquartered in Lexington, Ky., the CSG helps states share resources, ideas and strategies to identify the best new approaches to significant state problems.
   
   CanagaRetna told GovPro.com that about a third of the states are facing deficits in their fiscal year 2008 budgets, while almost half are contending with shortfalls in their fiscal year 2009 budgets.
   
   ,While the energy-producing states are experiencing flush times, other states - including Arizona, California, Florida and Nevada - face significant problems related to the fallout from the housing collapse,, CanagaRetna said.
   
   States have some ,cushion,
   
   CanagaRetna noted that some economists predict slightly more robust growth in the U.S. economy in the second half of 2008.
   
   ,States, already plagued with sizable health care, education, pension, transportation and emergency management expenditures, will continue to deal with these challenging economic times and look to improvements in 2009 and 2010,, he asserted.

3. 3. www.stateline.org

   www.stateline.org/live/details - [Cached]

   Published on: 3/19/2008   Last Visited: 3/19/2008

   "The state budget picture is pretty gloomy," said Sujit CanagaRetna, a tax and budget expert for the Council of State Governments.
   ...
   CanagaRetna said 2001 was different because states were coming off the boom times of the 1990s and didn't have a backlog of unfinished projects as they do now.States are still trying to rein in health care costs and improve their education systems, which together eat up more than 60 percent of state spending.But states also are trying to figure out a way to fix the country's crumbling infrastructure, pegged at $1.6 trillion, collectively. Another budget headache for states is the prospect of paying looming health care and pension benefits for retiring state workers.The cost is estimated to total $2.73 trillion over the next 30 years, and states are $731 billion short, according to the Pew Center on the States."States are taking a pummeling when they are already down," CanagaRetna said.