States' Financial Stress Eases, but Struggles Persist

Tuesday, 29 Nov 2011 10:01 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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

Obama, Jeter Tee off on Exclusive Vegas Course

Sunday, 23 Nov 2014 07:47 AM

President Barack Obama is playing golf at an exclusive Las Vegas-area course with a retired shortstop, a Democratic Part . . .

Shifting Attitudes at Play in Cosby Allegations

Sunday, 23 Nov 2014 07:10 AM

Tamra Wade struggled mightily over whether to go to the police more than a decade ago, when, she says, a trusted profess . . .

Former DC Mayor Marion Barry Dies at 78

Sunday, 23 Nov 2014 06:09 AM

Divisive and flamboyant, maddening and beloved, Marion Barry outshone every politician in the 40-year history of Distric . . .

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