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State budgets under stress: paths to sustainability


Abstract: State governments have been noticeably absent in contributing to U.S. economic growth since the recession of 2008?09. Despite some recovery in tax revenues, many states are still reporting budget shortfalls and spending pressures for pensions and health care.

Keywords: Budget - United States; Fiscal policy - United States;

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2011

Issue: Oct

Order Number: 291b