The U.S. Economy Is Still Finding Its Footing. But States Are Doing Pretty Well. – Kellogg Insight

According to Therese McGuire, a professor of strategy at Kellogg, the state is doing a reasonable job managing the situation. Still, “it’s a structural deficit we face in this state. We’ve got revenues increasing at a slower pace than spending. And so we balance the budget this year, but if we don’t change either growth rate, give us a few months: we’ll have a deficit.”

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