The writer at Greener Pastures Personal Finance wrote a great article about the implications of state budget deficits today. The article goes so far as to present a color coded map of the U.S. and 41 states that risk bankruptcy if they don't stem the rising tide of deficits.
The author presents the implications in the form of cost of living taxes, target taxes and vice taxes. She also provides you the means for contacting your legislator and displays state by state tax burdens which can be helpful for those considering relocating. Here's her article.