Article Publication Date:
An updated fiscal outlook of state and local governments projects an ever increasing gap between receipts and expenditures through 2060, absent any policy changes. The report found that this decline in the state and local government sectors' operating balance is primarily due to rising health related costs of state and local expenditures on Medicaid and the cost of health care compensation for state and local government employees and retirees.
Government Accountability Office
Programs/Initiatives:Deficit Reduction Act (DRA); Affordable Care Act (ACA)
Fiscal Outlook; state finance; state budget; local finance; local budget; expenditures; revenues; Health Care costs; Medicaid costs; employee health care; operating budget; GDP; Recovery Act; fiscal balance; Budget Control Act; American Taxpayer Relief Act;
441 G St., NW
Washington, DC 20548
Short URL: http://www.advancingstates.org/node/53383