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As Threat of Federal Cuts Looms, Lackluster Revenues Leave States in a Tough Spot
Route Fifty: U.S. state governments have experienced sluggish tax revenue growth in the past two fiscal years and governors were cautious in proposing spending increases for the upcoming 2018 budget cycle, according to a new report on state budgets.
These findings come as Congress contemplates major changes to Medicaid that could pose significant new costs for states in future years and as the Trump administration is pushing for deep cuts to federal funds that flow to state and local governments.
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