In recent years, state and local governments have benefitted from large infusions of federal grant money, but many of those programs will end in the next year or two. This funding conclusion, along with declining tax revenues and inflation, and states and municipalities face a significant drop in available grants — a fiscal cliff.
Despite the ominous name, the fiscal cliff doesn’t have to be a free fall to disaster. At a recent GovLoop online training session, three experts with government experience shared their strategies for coping with tighter budgets.
Download below for insights from their discussion:
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