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The Government Accountability Office projects that the financial situation of state and local governments will continue to decline for at least the next 50 years. The hedge against long term deficits are balanced budget requirements in many states and localities but the projections do underscore the severity of the long-term fiscal pressures on government.
The main driver of fiscal pressure is declining tax receipts. Tax revenues fell nearly 5 percent from 2008 to 2009. In 2010, there was a slight rebound, but they're still below their 2008 level.
GOVERNING Data is your source for state and local government statistics and public records.
Feel free to use any data or visualizations in your own reports with attribution and a link to the source.
Contact: Mike Maciag, mmaciag@governing.com
The U.S. economy added only 88,000 jobs last month, far below economists' expectations.
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The number of jobs the U.S. economy added in March, down from 268,000 in February.