Worthy of its own thread. Many states have hug budget gaps or shortfalls. Because of these many jobs are being eliminated, sometimes overnight. At the same time, taxes and fees are being increased significantly. Some of the states listed below have large populations.

Tax hikes:

Big Jumps in Taxes Loom in 10 States

April, 9, 2009

By LESLIE EATON

A free fall in tax revenue is driving more state lawmakers to turn to broad-based tax increases in a bid to close widening budget gaps.


At least 10 states are considering some kind of major increase in sales or income taxes: Arizona, Connecticut, Delaware, Illinois, Massachusetts, Minnesota, New Jersey, Oregon, Washington and Wisconsin. California and New York lawmakers already have agreed on multibillion-dollar tax increases that went into effect earlier this year.


Fiscal experts say more states are likely to try to raise tax revenue in coming months, especially once they tally the latest shortfalls from April 15 income-tax filings, often the biggest single source of funds for the 43 states that levy them
Link & Entire: More States Look to Raise Taxes - WSJ.com

At the same time there are layoffs: City, County, State level.

Bloomberg says NYC must lay off thousands

As many as 7,000 layoffs to compound 9,000 reductions already this year

NBC News and msnbc.com
April 8, 2009



ALBANY, N.Y. - New York City Mayor Michael Bloomberg told department heads Wednesday to identify thousands of city employees for layoffs by next Monday because the city’s economic outlook has continued to deteriorate and tax revenues remain short of projections, according to a letter obtained by NBC News.



Sources at City Hall said as many as 7,000 more jobs could be eliminated. Bloomberg’s budget plan for next fiscal year, which begins July 1, already included at least 1,300 layoffs; the new round of reductions would bring the likely total to more than 8,300.


Those layoffs would cut even more from a city bureaucracy that lost 9,000 workers in January.
Link & Entire: Bloomberg says NYC must lay off thousands - Life- msnbc.com