gao state and local fiscal outlook

U.S. GAO – State and Local Governments’ Fiscal Outlook: 2016 Update Our simulations show that a primary driver of long-term fiscal challenges for the state and local government sector continues to be the growth in health-related costs. A letter report issued by the Government Accountability Office with an abstract that begins "Fiscal sustainability presents a national challenge shared by all levels of government.

This book provides simulations of the state and local government sector's long-term fiscal outlook, an analysis of the underlying causes of potential fiscal … “GAO also identified federal policy changes that could affect the state and local government sector’s fiscal outlook,” the report says.

The U.S. Government Accountability Office released its 2014 state and local fiscal outlook model that indicates state and local government need to cut current expenditures by 18 percent to achieve fiscal balance over the next 50 years.. The decline in the sector's operating balance is primarily driven by rising health care costs. The U.S. Government Accountability Office recently issued its latest state and local government fiscal outlook, which suggests a growing gap between revenues and expenditures over the coming decades that will increasingly squeeze budgets and force difficult fiscal trade-offs.In a new Reason.org commentary, I write:. The Government Accountability Office (GAO) released an update to its state and local fiscal model simulating the fiscal outlook for the state and local government sector. Government Accountability Office report on state and local governments’ fiscal outlook suggested that states and localities will have an increasingly difficult time generating sufficient revenues over the next 50 years to sustain current levels of government services. Since 2007, GAO has published long-term fiscal simulations for the state and local government sector.

"GAO projects that the sector's long-term fiscal position will steadily decline through 2060 absent any policy changes. U.S. state and local governments' fiscal situations have improved recently but will still deteriorate through 2060, the Government Accountability Office said on Thursday. The fiscal challenges confronting the state and local sector add to the nation's overall fiscal difficulties. The Government Accountability Office has projected that, by 2060, the gap between state and local revenues and spending will be as high as 2 … 24 pages. The outlook indicates an increase in revenues from income sales taxes from 2009 to 2014, however, a decline of one percent in receipts from the second … *FREE* shipping on qualifying offers. Other written product issued by the Government Accountability Office with an abstract that begins "Fiscal sustainability presents a national challenge shared by all levels of government.

state and local employees and retirees—is the primary driver of the fiscal challenges facing the state and local governments. The simulations suggest that state and local governments will likely face an increasing difference between expenditures and revenues during the next 50 years. Since 2007, GAO has published long-term fiscal simulations for the state and local government sector. State and Local Governments: Growing Fiscal Challenges [Gao] on Amazon.com. -20-15-10-5 0 5 2000 2005 2010 2015 2020 2025 2030 2035 2040 Percent of GDP Source: GAO’s August 2007 analysis.