“In the wake of the recent economic crisis, many statehouses and city halls face worrying fiscal stress that could have national ramifications. Federal stimulus fundinga multi-year lifeline for state and city coffersis petering out before tax revenues fully recover and forcing many sub-national governments to consider tax hikes and/or spending cuts that could slow recovery and, in some cases, undermine long-term growth. In particular, funding for infrastructure and educationof which states and cities are by far the primary sourcesare under the budget knife. A particular concern for many sub-national governments is ballooning personnel costs, including public employee/retiree pensions and health care. In some acute cases, this financial burden has swept governments into bankruptcy protection; in others, broad changes in policy will be required in order maintain long-term solvency. And at the state level, the soaring costs of Medicaid threaten to crowd out other spending in the long term.”
Sabrina is also the solo Editor, Publisher and Founder of LLRX.com® – Legal, technology and knowledge discovery resources on the “moving edge” for Librarians, Lawyers, Researchers, Academic and Public Interest Communities – launched in 1996.