Stateline.org has a good summary of three new reports that suggest state governments could face long-term budget problems as the result of a recession that is already believed to be over.
"The bottom line is that states will not fully recover from this recession until late in the next decade," said Raymond Sheppach, executive director of the National Governors Association.
You can find the report here. It raises the possibility that the worst is yet to come for state governments, as the toughest budget environments often emerge during the two years after a recession is declared over.

“There are two things you will never wish to watch: