2023 Outlook for US States and Local Governments

Stable 2023 outlook for US states and local governments despite tighter macro conditions and slower tax revenue growth

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The outlook for US states and local governments is stable for 2023, despite tighter expected macro conditions leading to slower tax revenue growth. Analysts discuss the effects of inflation, higher interest rates, risks to the economy, and offsetting governance and financial strengths.

  • Expectations for state and local revenue growth
  • Managing inflationary pressure on wages and capital costs
  • Risks and opportunities from higher interest rates
  • Environmental, social, and cyber-security challenges
  • Speakers keyboard_arrow_down
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    Rachel Cortez Associate Managing Director, US Public Finance Moody's Investors Service Bio
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    Timothy Blake Managing Director, Public Finance Group Moody's Investors Service Bio
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    Nick Samuels SVP - Senior Credit Officer, States and High Profile Ratings Team Moody's Investors Service Bio
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    Dan Kowalski Analyst Moody’s Investors Service Bio
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    Christopher Yared Lead Analyst Moody's Investors Service Bio