Every budget is about winners and losers. In that regard, President Obama’s final budget is a $4 trillion mixed bag for states and localities.

Many of his proposed initiatives would benefit urban areas, which won him praise from some but criticism from others who say such help would come at the expense of rural America.

Looking at the big picture, the proposed budget maintains the agreement reached last year that helped states and localities by lifting automatic cuts on discretionary spending, which are known as sequestration cuts. The budget also outlines ambitious spending proposals in health care and infrastructure -- two key financial pressure points for state and local governments.