Closing the Gap: Options for Deficit Mitigation

Presented by CSG’s Financial Services Working Group
Working Breakfast
Friday, May 21
7:30-9 a.m.
Lyceum Complex, 5th Floor

With falling revenues, unprecedented declines in state spending and a national unemployment rate hovering around 10 percent, states face limited options for deficit mitigation as they enter into what will likely be one of the worst budget years since the Great Depression. Facing combined budget gaps exceeding $130 billion over the next two years, along with significant increases in Medicaid spending, this session will provide state officials with an overview of the policy responses required to enact transformational changes delivering services as well as options available for deficit mitigation. The session, moderated by Maryland Treasurer Nancy Kopp, will allow participants to discuss critical steps necessary to meet their state’s balanced budget requirements.