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Part of the Obama campaign's dilemma is that they have not found an effective way to explain how Obama's policies have helped the black community, in such ways as filling budget gaps for state and local governments that employ more than 20percentt of African Americans, or the federal government's continued funding for HBCUs and aid programs for low-income and minority students, said Simmons.
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There will be muni defaults, as there always are in difficult economic times -- possibly in larger numbers than when people are working, paying taxes and filling budgets of states, cities and town with ample tax revenues.
financing to fill budget shortfalls.
Most of the stimulus's $100 billion for education has gone simply to fill budget gaps and prevent lay-offs.
Yet with international investors increasingly unwilling to provide cheap financing to fill budget holes, options are becoming limited.
State and federal authorities leaders regularly siphoned off money to fill budget holes, build utilities or pay for other projects.
Page A16 BUDGET CUTS CLOSE POOLS Struggling local governments across the country have been forced to close public pools or limit their hours to help fill budget gaps.
Ms. Genshaft said she hoped the request that the universities use their reserves to fill budget gaps would be one-time only.
The governor also wants to make it harder for future lawmakers to remove money from the trust fund to pay for other priorities or fill budget gaps.
Mr. Lance acknowledged that past Republican governors have employed the same borrowing method to fill budget gaps, a point the state's treasurer, Mr. McCormac, made on Monday.
Arizona and other states cut the programmes to divert money to fill budget shortfalls because of the recession – a legal move not possible before the 1996 reforms.
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