Report: Proposed Bush Cuts Would Hurt Budgets, Programs

Hume, Lynn
May 2006
Bond Buyer;5/30/2006, Vol. 356 Issue 32391, p5
Trade Publication
The article reports that the U.S. government has proposed a budget for fiscal 2007 that would substantially cut federal aid to state and local governments. It will potentially hurt their finances. It was revealed by a report issued by the Nelson A. Rockefeller Institute of Government. Federal grants to state and local governments account for about 17% of the federal budget. Almost 90 percent of these grants go directly to states and account for about 30% of their general revenue. These cuts would have would have a broad impact on state budgets as a whole.


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