Absent any policy changes, state and local governments will face an increasing gap between receipts and expenditures in future years, the Government Accountability Office concludes in a new report.

Using data from the Bureau of Economic Analysis’s National Income and Product Accounts, the 15-page GAO report projected the level of receipts and expenditures for state and local governments through 2060 based on current and historical spending.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.