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Study shows severity of state fiscal stress. (Fiscal and Economic Indicators).
Editor's note: This article was adapted with permission from The Fiscal Survey of States, a report by the National Governor's Association. The report is available in its entirety at www.nga.org.
Nearly every state is in fiscal crisis. Amid a slowly growing national economy, state revenues have shrunk at the same time that spending pressures are mounting--particularly for Medicaid and other healthcare-- creating massive budget shortfalls. As states fight to balance their budgets, the solutions available to them are increasingly dire, and some of the most difficult fiscal decisions have yet to be made.
This edition of The Fiscal Survey of States reflects ...
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Source: HighBeam Research, Study shows severity of state fiscal stress. (Fiscal and Economic...