Fall 2011 Fiscal Survey of States

Source: National Governors Association (NGA) and the National Association of State Budget Officers (NASBO), 2011

From the press release:
While the overall fiscal condition of states has improved from the depths of the recession, the Fall 2011 Fiscal Survey of States, released today by the National Governors Association (NGA) and the National Association of State Budget Officers (NASBO), shows that states are facing a ‘big squeeze’ from both local and federal governments. The combination of the effects of the economic downturn, tepid economic growth and the expiration of Recovery Act and other federal funds has severely impeded the growth of state resources. Additionally, spending on Medicaid is expected to consume an increasing share of state budgets and grow much more rapidly than state revenue growth, resulting in slow or no growth in education, transportation or public safety.

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