As we return to work after the 4th of July weekend, the federal FY 2008 fourth quarter is now in full swing. It is the largest quarter for federal spending. Federal agencies will spend over $125 billion in the next three months (to equal or beat last year).
Over the past five years, a pronounced shift has sent more and more spending to the last quarter of the fiscal year. Factors at play this year: looming administration change, flat budgets, war spending, and more.
What are your 4Q expectations?
Share your thoughts as comments to this blog, and if an INPUT Member, see what others expect for this fourth quarter by voting here.
State and Local Expectations
On July 1, 46 of the 50 states kicked off Fiscal Year 2009. For more insight into how this fiscal year (and the next five) will fair, see our days old state and local forecast.
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