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Chicago Fed Letter, No. 291b, October 2011
State Budgets Under Stress: Paths to Sustainability (Special Issue)

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. This article summarizes some fo the presentations at a conference on state budgets held on June 23-24, 2011.



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