The December issue looks at the work states face to deal with the health care needs of an aging population and new approaches to teacher evaluations.
Jan. 3, 2013
With tax and entitlement reform and spending cuts on the horizon, Congress passed and the president signed the American Taxpayer Relief Act (H.R. 8). The package addresses a portion of the fiscal cliff, but does not include the comprehensive deficit reduction plan that has been discussed by congressional leadership and the administration over the past few years. The act adds almost $4 trillion to the deficit over the next 10 years, according to the Congressional Budget Office.
The uncertainty for states surrounding the fiscal cliff doesn’t appear to have receded with the passage of H.R. 8, particularly in terms of federal spending. This year promises an abundance of contentious fiscal struggles. These include addressing the statutory debt limit, the new sequestration start date in early March, the current continuing resolution that will expire at the end of March, FY 2014 budget negotiations, and several provisions from H.R. 8 that were extended for a year.
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