States Pass Budget Pain to Cities as Cutbacks in Services Cascade - NYTimes.com

States Pass Budget Pain to Cities as Cutbacks in Services Cascade - NYTimes.com

"The cuts are a vivid illustration of a fact of fiscal life: budgetary pain flows downhill. Although state tax collections are finally improving again after the longest and deepest decline on record, they remain well below their prerecession levels. Stimulus money from Washington, which helped keep many states afloat over the last two years, is drying up. So states facing large deficits are proposing cuts in local aid. Ohio’s deficit is projected to be $8 billion over the course of its two-year budget — hence Governor Kasich’s proposed cuts."

posted by US Uncut
This is the only kind of "trickle down economics" that has any basis in reality.
States Pass Budget Pain to Cities as Cutbacks in Services Cascade
www.nytimes.com
More layoffs, service cuts and tax increases are almost certain as deep cuts loom for state aid to cities.