WASHINGTON — State and local governments have temporarily dodged a bullet, with the bipartisan supercommittee’s failure to come up with $1.2 billion in spending cuts over the next 10 years, tax experts and lobbyists said Monday.

Sequestration — if anyone believes the mandatory $1.2 billion of automatic spending cuts will actually occur in 2013 — would be a better alternative for governments, they said. For one thing, sequestration would not result in cuts to tax expenditures such as tax-exempt interest or cuts to Medicaid, which represented 45% of total federal grant outlays to state and local governments in fiscal 2010, according to fiscal 2012 budget documents issued by the Office of Management and Budget.

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