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GAO Report: State and Local Governments' Fiscal Outlook: March 2010 Update
U.S. Government Accountability Office [GAO] Link to more items from this source
Mar. 3, 2010
24 pages. "GAO projects that the sector's long-term fiscal position will steadily decline through 2060 absent any policy changes. The decline in the sector's operating balance is primarily driven by rising health care costs. The fiscal challenges confronting the state and local sector add to the nation's overall fiscal difficulties. Because most state and local governments are required to balance their operating budgets, the declining fiscal conditions shown in GAO's simulations suggest the fiscal pressures the sector faces and the extent to which these governments will need to make substantial policy changes to avoid growing imbalances." [GAO-10-358, Mar. 2, 2010]

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