"Figure 1: State and Local Balance Measures, as a Percentage of Gross Domestic Product" Year Operating Balance 2005 0.1 2006 0.3 2007 0.1 2008 (0.4) 2009 (0.0) 2010 (0.0) 2011 (0.4) 2012 (0.7) 2013 (0.9) 2014 (1.0) 2015 (1.1) 2016 (1.2) 2017 (1.3) 2018 (1.4) 2019 (1.5) 2020 (1.6) 2021 (1.7) 2022 (1.8) 2023 (1.7) 2024 (1.8) 2025 (1.9) 2026 (1.9) 2027 (1.9) 2028 (2.0) 2029 (2.1) 2030 (2.1) 2031 (2.2) 2032 (2.2) 2033 (2.2) 2034 (2.3) 2035 (2.3) 2036 (2.4) 2037 (2.5) 2038 (2.5) 2039 (2.6) 2040 (2.6) 2041 (2.7) 2042 (2.7) 2043 (2.7) 2044 (2.8) 2045 (2.8) 2046 (2.9) 2047 (3.0) 2048 (3.0) 2049 (3.0) 2050 (3.0) 2051 (3.1) 2052 (3.2) 2053 (3.2) 2054 (3.2) 2055 (3.3) 2056 (3.3) 2057 (3.3) 2058 (3.4) 2059 (3.4) 2060 (3.4)