Tags: states | finances | governors | budget

States' Financial Stress Eases, but Struggles Persist

Tuesday, 29 Nov 2011 10:01 AM

States’ financial straits have eased with the passing of the worst of the recession. However, the states still are struggling with poor economic growth, reduced federal aid, and local governments needing handouts, The Washington Post reported.

The information is included in a new report from the National Governors Association and the National Association of State Budget Officers. The Fiscal Survey of States found that while states are contending with slow revenue growth, they are also being forced to spend more to deal with such things as high unemployment, the Post reported.

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

The report found that Medicaid is the biggest financial burden on the states because of increasing caseloads, rising healthcare costs, and reduced federal help. Officials in more than half of the states expect budget shortfalls in their Medicaid programs, the Post reported.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Illegals Could Wait Until 2019 to Have Cases Resolved

Sunday, 01 Feb 2015 11:13 AM

Thousands of immigrants seeking legalization through the U.S. court system have had their hearings canceled and are bein . . .

California Suffers Dry January, Prolonging Devastating Drought

Sunday, 01 Feb 2015 10:40 AM

California has experienced one of the driest Januarys on record, and the lack of rain during a time of year when the wea . . .

Toddler Wounds Both Parents with 1 Shot from Handgun

Sunday, 01 Feb 2015 09:09 AM

Authorities say a 3-year-old boy got ahold of a handgun from his mother's purse and fired just one shot that wounded bot . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved