Charities Expect Money Worries Into 2013 Due to State Shortfalls

Charities nationwide are again facing financial strain because of state budget crises—and many states expect their woes to continue into 2012 and 2013.

Nearly every state expects revenue in the 2011 fiscal year, which started in July, to exceed collections from 2010, but state officials worry that revenue growth won’t be enough to replace lost federal stimulus dollars.