How bad’s the state budget mess? Really bad…

Feeling the pinch from a dramatic slowdown in consumer spending, state revenues will likely be far less — down $5.1 billion — between now and the end of fiscal year 2011.

That’s a huge hit.

“We are not immune to these immense headwinds that are buffeting the economic landscape,” said Arun Raha, the state’s new chief revenue forecaster.

Developing…