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The model assumes that the current set of policies in place across state and local government remains constant to show a simulated long-term outlook.
One of the biggest advantages of Office 2013 is the integration with among others Share Point and One Drive.
GAO’s model uses the Bureau of Economic Analysis’s (BEA) National Income and Product Accounts (NIPA) as the primary data source and presents the results in the aggregate for the state and local sector as a whole.
The model shows the level of receipts and expenditures for the sector until 2065 based on current and historical spending and revenue patterns.
Because the model covers the sector in the aggregate, the fiscal outcomes for individual states and localities cannot be identified.
This product is part of a body of work on the nation’s long-term fiscal challenges.