A tiny snowman sits on a ledge in a light snow at the U.S. Capitol in Washington, U.S. November 15, 2018. REUTERS/Jonathan Ernst
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
U.S. state spending topped $2 trillion for the first time in fiscal 2018, with Medicaid expenditures rising the most along with a significant increase in transportation spending, according to a report released Thursday. Total expenditures grew an estimated 4.8 percent compared to 3.8 percent in fiscal 2017, the National Association of State Budget Officers' annual state expenditure report said.Growth in the state spending of federal funds outpaced the spending of state-generated revenue, including from general funds, the report found.The report also highlighted a 6.5 percent increase in transportation spending, which represents 8 percent of total state expenditures.
FOLLOW THIS ARTICLE