This longish piece from the leftie Center on Budget and Policy Priorities shows how bad things look in the short term for state government budgets.
Think that's bad, how about this list of about a gillion blogs all across the country talking about how bad things are with state government finances.
But wait, it gets even worse - here's a conservo-tarian on the potential cost of underfunded state government pension costs to their employees. Yes, state employees get something called a pension. If you don't know what that is, you'll also be shocked to hear that people used to have cars with ONLY am radios.........
By the way, here's a crazy idea from the National Tax Payers Union - pay government employees with the same salaries and benefits as people in the "real world" get. It would save, they argue, more than $20 billion in CA and NY alone.
Or you can raise taxes as Ian Welsh over at Firedoglake suggests implicitly by repealing Prop 13..............pick your poison.