"The fiscal conditions of state and local governments will steadily decline through 2060 because of rising healthcare costs, a federal watchdog agency said on Wednesday, but it added that short-term pressures have eased over the last year.
"Although the sector's near-term fiscal picture has improved slightly since our March 2010 update, the economic downturn has created an unprecedented fiscal situation for states as revenues declined in tandem with the economy," the Government Accountability Office said in a report.".....read it here
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