IFIR WORKING PAPER SERIES Medicaid Expenditures and State Budgets: Past, Present, and Future* James Marton David E. Wildasin IFIR Working Paper No. 2007-04 March 2007 * Prepared for presentation at a conference on “State and Local Finances: After the Storm, Is Smooth Sailing Ahead?” at the Urban Institute, Washington, DC, March 30, 2007. We are grateful to J. Poulette for research assistance. IFIR Working Papers are made available for purposes of academic discussion. The views expressed are those of the author(s), for which IFIR takes no responsibility. (c) James Marton and David E. Wildasin. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission, provided that full credit, including (c) notice, is given to the source.