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EXography: States use gimmicks, late payments and other accounting tricks to meet balanced budget requirements

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Paying bills late, selling buildings and swiping money from special accounts are some of the gimmicks states are using to bypass balanced budget requirements, according to a new report on the tricks being used to paper over deep deficits. From California to New Hampshire, state governments are using smoke and mirrors instead of cash to meet the constitutional or statutory mandates that they...

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