
Source: Tami Luhby / CNN Money
New York – There will be lots more state workers joining the unemployment line this year.
Public employees are getting hit hard in the latest round of spending cuts as state officials look to close billion-dollar deficits. Governors across the nation are promising to eliminate thousands of positions and freeze or reduce salaries.
Texas lawmakers are proposing shedding 9,300 jobs, while Georgia’s governor said he’d erase 14,000 positions. New York’s governor is looking to lay off more than 10,000 workers and freeze salaries. And California’s and Nevada’s governors are proposing pay cuts of up to 10% and 5%, respectively.
Though state workers have suffered years of furloughs and downsizings, this year could prove to be the toughest yet. Federal stimulus money that kept many on the job is drying up, and some newly elected officials are bent on shrinking the role of the state.
To read this article in its entirety visit CNN Money.
Sphere: Related Content
Related Posts
Source: Charles Riley / CNN Money
President Obama will march out of the White House on Monday morning and make his ...
READ MORE
Source: CNN Money
New York - When the unexpected strikes, most Americans aren't prepared to pay for it.
A majority, or 64%, ...
READ MORE
Source: Ben Rooney / CNN Money
New York - The Obama administration will issue a proposal later this week recommending the ...
READ MORE
Source: Tami Luhby / CNN Money
New York - Toddlers in Yonkers, N.Y., may no longer be able to attend pre-K. ...
READ MORE
Source: Tami Luhby / CNN Money
New York - Californians should decide whether they want to pay $12 billion more in ...
READ MORE
Source: Tami Luhby / CNN Money
The Golden State and its new governor, Jerry Brown, are facing a $25 billion shortfall ...
READ MORE
Source: AP / CBS News
Republican leaders, ever more confident of their chances of winning control of the House and ...
READ MORE
Source: Charles Riley / CNN Money
New York - Bank of America reviewed 102,000 foreclosures in the 23 states where ...
READ MORE
Roland Martin and the Washington Watch roundtable debate if the stimulus package work and where are the jobs.
WATCH: Did The ...
READ MORE
Source: Catherine Clifford / CNN Money
After months of debate and significant pressure from the White House, the Senate on ...
READ MORE
President Obama To Address Business Lobby
Most Americans Can’t Afford A $1,000 Emergency Expense
Fannie And Freddie Phase-Out Plan Due
Gov. Andrew Cuomo’s Budget Hits New York Schools
California Gov. Jerry Brown Pushes Tax Hikes
California Budget: $25 Billion Dilemma For Gov. Jerry
GOP Eyes $100B In Post-Election Spending Cuts
Bank Of America Resumes Foreclosures In 23 States
Did The Stimulus Work And Where Are The
Senate OKs Small Biz Jobs Bill