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The chronic revenue shortfalls from serial tax cuts are simply too deep to fill with spending cuts alone.
Among other expenses, about $1.4 billion went to cover financial shortfalls from U.S. military operations in Afghanistan.
The announcement, combined with similar shortfalls from Apple Computer and Intel, could indicate a widespread slackening of demand for computers.
Bidding to calm nerves across the commodity markets, the IEA's executive director, Nobuo Tanaka, said Saudi Arabia could make up any shortfalls from crisis-hit Libya.
At least 40 states' budgets for 2003 will have to cover shortfalls from 2002, and the situation may worsen next year.
Municipal budgets are facing multimillion-dollar budget shortfalls from snow removal costs, and road crews are rationing their remaining supplies of salt and sand.
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Another $25 million is a revenue shortfall from fiscal 2017.
Migrants may also fill the demographic shortfall from Europe's shrinking population.
"The dual shortfall from its mandate provides both justification and political cover for action".
But Ley warned the $1bn shortfall from abandoning the measure will need to be found elsewhere.
The county is also shouldering the burden of a $25 million budget shortfall from last fiscal year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com