Trump Presidency Creates Some Funding Uncertainty for States

Fitch has a stable outlook for state and local governments in 2017, but also says the Trump presidency creates a lot of funding uncertainties.
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The new Trump administration creates some funding uncertainty for states, but Fitch Ratings has a stable outlook for state and local governments in 2017. Laura Porter, a managing director who oversees the States Ratings Group, says it's not yet possible to predict what specific policy choices for things like medicaid funding and tax reform will mean for state finances, but states are likely to be affected differently. She points out that the health of state budgets is closely tied with the overall strength of the economy.