2023 Outlook for US States and Local Governments
Stable 2023 outlook for US states and local governments despite tighter macro conditions and slower tax revenue growth
The outlook for US states and local governments is stable for 2023, despite tighter expected macro conditions leading to slower tax revenue growth. Analysts discuss the effects of inflation, higher interest rates, risks to the economy, and offsetting governance and financial strengths.
- Expectations for state and local revenue growth
- Managing inflationary pressure on wages and capital costs
- Risks and opportunities from higher interest rates
- Environmental, social, and cyber-security challenges
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