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Government accountability office study warns of state and local fiscal challenges in next decade.

Publication: Nation's Cities Weekly
Publication Date: 30-JUL-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
A new study released by the U.S. Government Accountability Office (GAO) predicts that large and growing fiscal challenges will confront state and local governments in the coming years. Absent policy changes, the study finds that within the next decade expenditures will exceed revenues in the state and local government sector, resulting in a deficit.

Similar to the federal and private sectors, the GAO report finds that health-related costs are the primary driver of fiscal challenges in the state and local sector. Two types of state and local health...

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