Findings from the policy alert indicate that even as many state and local governments close their current budget deficits with regular sources of revenue (and not short-term fixes), all 50 states will face a gap between projected revenue growth and the projected cost of public services. Additionally, projected state revenues will not support real increases in spending.
Link
http://www.highereducation.org/reports/pa_shortfalls/State_Shortfalls.pdf