BusinessWeek has a slideshow of the 20 States in the Worst Budget Trouble. Tennessee comes in at a respectable, tho not disastarous, 13th.
Topping the list is Arizona, with a $3.1 billion budget gap. Coming in second is California, with a 30.6 billion budget gap (I think the ranking is done by the percentage gap of the total budget, not the actual dollars of the budget deficit) …
More at Mary Cashiola’s In the Bluff blog.