A study ran by the Center for Budgets and Policy Priorities determined that several states where seeing a huge downfall in their tax revenues. For instance, the state of California is asking the federal government to give them $7 billion to help cover their budget shortfalls. In 2009, California is certain that they will not be able to pay the incomes of its teachers, firemen, policemen, and other state workers.

Per BusinessWeek.com, of the 51 states in the U.S., 31 are experiencing the alarming affects of the financial crisis. In total, the potential costs that all 31 states could be facing is $53.4 billion.

The top states are: 1) California 2) Arizona 3) Florida 4) Nevada 5) Rhode Island 6) New York 7) Alabama 8) Georgia 9) New Jersey, and 10) Maryland.

For more detailed information regarding the financial “state” in which these states are in, click here!