March 8, 2011 —  Reuters covers the NIRS second annual policy conference, highlighting findings from a recent NIRS opinion research poll and comments from Scott Pattison, executive director of the National Association of State Budget Officers.

During the conference Pattiion noted that, “If you ask a state budget officer what they think spending will look like over a 10-year period going forward, they will tell you the ‘new normal’ means a much lower rate of year-over-year revenue growth and spending growth.”  He went on to say, the “new normal,” though, “doesn’t mean default, or bankruptcy.”

Read the full story here.