• 1) State: Revenues off $38m so far (New Hampshire)

“A monthly report from the Department of Administrative Services shows the state took in $204 million in taxes and other revenues last month, $12 million short of the month’s budget target.

Through the first four months of this fiscal year, the state has taken in $585 million, instead of the $623 million the budget was built to have at this point.”

• 2) Trillion dollar deficits for 10 years (Kim Rupert, head of fixed income strategy at Action Economics)

“I think we’re looking at trillion-dollar deficits for the next 10 years, perhaps. With that outlook, borrowing needs are going to be very high and there is a massive amount of debt that needs to be sold just to roll over what’s maturing,” Rupert said. “It’s pretty precarious actually.”

• 3) State Layoffs (Idaho)

“In fiscal year 2009, tax revenue fell more than 15 percent compared with 2008; receipts are lagging further this year, prompting Otter’s budget managers to predict a $151 million budget shortfall come next July, if agencies don’t make further cuts.

Idaho state government is also holding 700 jobs vacant; employees have taken more than 150,000 hours of unpaid furloughs, to ward off further job cuts.”

• 4) U.S. Treasury to Sell $81 Billion in Long-Term Debt Next Week

“Nov. 4 (Bloomberg) — The U.S. plans to sell a record $81 billion in its quarterly auctions of long-term debt next week and replaced its inflation-protected 20-year bond with a reintroduced 30-year security.

The Treasury Department said it will auction $40 billion in three-year notes on Nov. 9, $25 billion in 10-year notes Nov. 10 and $16 billion in 30-year bonds Nov. 12.”

• 5) City Council unanimously rejects furloughs for Long Beach workers

“City officials project an $11 million general fund deficit in the 2011 fiscal year, followed by a $21.7 million deficit in the 2012 fiscal year. Those deficits will continue to challenge the city’s ability to deliver services and could cause further rifts between city management and employees when it comes time to pay those deferred salary hikes.”

• 6) VIDEO: Birmingham finds $20 million budget shortfall

“Birmingham has discovered a $20 million budget shortfall after the resignation of its finance chief.”

• 7) Mich. looks at worst-case 20 percent budget cuts

“LANSING, Mich. — Michigan’s governor warned Tuesday of a possible 20 percent cut in state spending next year, a draconian step after billions in cuts since 2003 have already dented police and fire services, pushed schools toward insolvency and reduced oversight of prison inmates.”

• Jefferson County and derivatives

“CDR Financial was a big proponent of the swaps that Jefferson County was involved in, which flopped after interest rates went in the opposite direction of what CDR predicted. It added more than $700 million to county’s overall sewer debt.”

• 9) Stock Market Decline in October Trims Funding Status of U.S. Pensions

“U.S. stocks declined for the first  time in eight months, driving down the funding status of the typical U.S. corporate pension plan by 0.4 percentage points in October, according to monthly figures published by BNY Mellon Asset Management. The funded statusof the typical plan declined to 79.9 percent at the end of October, down from 80.3 percent at the end of September, according to the BNY Mellon statistics.”