Education cost top problem for local government

posted by
February 7, 2011
Cato Institute
by Adam B. Schaeffer  
Posted in Commentary

"State and local governments face financial difficulties in 2011 and 2012 more severe than they have seen in generations. Pessimists predict major municipal or even state bankruptcies. Optimists insist that, while serious budget problems will increase rather than ease, governments will skirt default by sharply increasing taxes and cutting deeply into services. Unfortunately, while the threat of increasing Medicaid costs has received significant attention, politicians, analysts, the media and the public seem largely to have missed the $600 billion elephant in the statehouse." (02/02/11)

http://www.cato.org/pub_display.php?pub_id=12753  

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