TITLE

NGA, NASBO Cite Strong Spending Pressures on States

AUTHOR(S)
Vadum, Matthew
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/17/2004, Vol. 350 Issue 32032, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that according to the semiannual Fiscal Survey of States released on December 16, 2004 by the National Governors Association and the National Association of State Budget Officers of the U.S., states are recovering from the 2001 economic slowdown, but strong spending pressures--especially from Medicaid--continue to vex state budgets. Although revenues have stabilized somewhat as the economy has improved from a budget perspective the margin of revenue security is narrow, even more so considering the spending pressures states are under.
ACCESSION #
15417498

 

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