Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

New GAO Reports – Maritime Security, State and Local Governments' Fiscal Outlook

  • Maritime Security – Coast Guard Efforts to Address Port Recovery and Salvage Response, GAO-12-494R, Apr 6, 2012
  • State and Local Governments’ Fiscal Outlook, April 2012 Update, GAO-12-523SP, April 5, 2012: “In the long term, the decline in the sector’s operating balance is primarily driven by the rising health-related costs of state and local expenditures on Medicaid and the cost of health care compensation for state and local government employees and retirees. Since most state and local governments are required to balance their operating budgets, the declining fiscal conditions shown in our simulations suggest that the sector would need to make substantial policy changes to avoid growing fiscal imbalances in the future. That is, absent any intervention or policy changes, state and local governments would face an increasing gap between receipts and expenditures in the coming years.”

Sorry, comments are closed for this post.