GAO Report: State and Local Governments' Fiscal Outlook
State and Local Governments’ Fiscal Outlook: March 2010 Update, GAO-10-358, March 02, 2010 “In summary, this March 2010 update to our model shows that the state and local government sector continues to face near-term budget and long-term fiscal challenges which grow over time. Although the sectors near-term operating balance remains negative, increases in federal grants-in-aidlargely …