U.S. economy, government budgets look to be recovering in 2012
The following excerpts are from the 2012 Keating Report, which includes analysis of federal, state, and local government budgets and spending, as well as an in-depth look at public private partnerships and government construction.
The U.S. economy and government budgets appear to be getting back on their feet in 2012. Sure, the federal budget deficit in 2012 will still be huge — around $1.1 trillion.
Some say that the recovery of the U.S. economy and healthy government budgets in 2012 still looks dicey. That statement may be true, considering the number of states (as well as the federal government) that are looking at legalizing Internet gaming and/or casino gambling as a revenue generator. More about the gambling initiatives later.
Experts from the National League of Cities, the Public Works Financing newsletter, the National Association of State Budget Officers and other organizations offer their views on 2012 government budgets and government spending.
Read the entire story from Government Product News, our sister publication.