Doing More With Less State Money

A Brookings Institute working paper describes the challenge of optimizing state consumption given pro-cyclical budget constraints.

1 minute read

October 17, 2002, 7:00 AM PDT

By C. Scott Smith

"Once again a weak economy has thrown state governments into severe budget crisis. Their revenues, especially income tax revenues, have dropped sharply, while many of their costs are rising. No relief is insight. Even if economic recovery accelerates in 2003, which is by no means certain, states will face substantial gaps between revenues and expenditures for at least one or two more years."

Thanks to C. Scott Smith

FULL STORY: The State Fiscal Mismatch: Doing More with Less

Tuesday, October 15, 2002 in The Brookings Institution

Government / Politics United States

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