States face bleak economic forecast, report says

Posted on November 29th, 2011 in News and Commentary

States face bleak economic forecast, report says

From the WASHINGTON POST:

…The Fiscal Survey of States says that even as states struggle with tepid revenue growth, they will be called on to spend more because of the economic distress caused by continued high unemployment.

“State budgets are certainly improving; however, growth is weak, and there is not enough money for all the bills coming in,” said NASBO Executive Director Scott Pattison. “State officials will still be cutting some programs, and increases in funding for any program except for health care will be rare.”

The report says that Medicaid, the combined federal-state health program for the poor and the disabled, will place the biggest budgetary burden on states. Because of increasing caseloads, declining federal help and spiraling health-care costs, state Medicaid spending is growing much faster than state revenue, crowding out funding for other priorities…

Click here to read the full article.

Share

Leave a Reply

*

More News

Credo

"....I have never made it a consideration whether the subject was popular or unpopular, but whether it was right or wrong; for that which is right will become popular, and that which is wrong, though by mistake it may obtain the cry or fashion of the day, will soon lose the power of delusion, and sink into disesteem." Thomas Paine, Common Sense, on "Financing the War", March 5, 1782

Categories

Blog Archives

Convention Center Series

Convention Center Series Index

Convention Center Series Index

Chapter 1: Beginnings- Revised Chapter 2: Dream Team- Revised Chapter 3: Helping ...

Honoring those who challenged the Convention Center Project

Earlier this month, NewsLanc published “The $63.6 million convention center ...

Keisling on Pennsylvania Politics

Keisling on Pennsylvania Politics Index

Keisling on Pennsylvania Politics Index

Index of the ongoing series by Bill Keisling Six Decades of ...

How the Corbett Administration is diverting state funds to bail out Harrisburg

Hidden state subsidies involve inflated parking leases, electricity purchases, fire ...

Lancaster Acquisition of Harrisburg Incinerator

Prospects cloudy for Corbett’s Harrisburg bailout

Prospects cloudy for Corbett’s Harrisburg bailout

by Bill Keisling Corbett Administration officials publicly say the Act 47 ...

Coalition forming to challenge Corbett administration’s Harrisburg bailout plans involving LCSWMA incinerator purchase

by Bill Keisling Citizens dissatisfied with the Corbett administration's plan to ...

Tsukerman on Russia

Should the East Ukrainian rebels be called separatists?

Should the East Ukrainian rebels be called separatists?

by Slava Tsukerman The rebels supported President Vladimir Putin of Russia ...

LETTER: Ronald Reagan tells Soviet jokes.

Here is something that you can find interesting. I loved ...

Memoirs

New York’s Finest and Common Sense

While taking a very early walk in Central Park, an ...

Lifetime potential and achievement scoring system

An insightful fantasy game we play is grading the potentials ...

Santa Monica Reporter

A watery apocalypse and a spelling bee

A watery apocalypse and a spelling bee

By Dan Cohen, Santa Monica Reporter Director Darren Aronofsky had a ...

Belated Oscar Commentary

By Dan Cohen, our Santa Monica Reporter Although more than two ...

LGH Series

The other Lancaster Rip Off:  Lancaster General Health

The other Lancaster Rip Off: Lancaster General Health

A New York Times editorial “The Risks of Hospital ...

American Way of Birth, Costliest in the World

NEW YORK TIMES: …“It’s not primarily that we get ...