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GAO Report: Growing Fiscal Challenges Will Emerge for State and Local Governments
U.S. Government Accountability Office [GAO] 
Jan. 23, 2008
78 pages. "As happens at the federal level, these subnational governments may also face serious fiscal stress in the future. To provide Congress and the public with a broader perspective on our nation's fiscal outlook, GAO has developed a fiscal model of the state and local sector. This unique model enables GAO to simulate fiscal outcomes for the entire state and local government sector for several decades into the future." [GAO-08-317, Jan. 22, 2008]
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