Sally Wallace, "State and Local Fiscal Policy: Thinking Outside the Box? (Studies in Fiscal Federalism and State-Local Finance)"
English | ISBN: 1848444249 | March 2010 | 278 pages | PDF | 4,1 MB
The last few decades have presented a new set of challenges and opportunities for public finances. Demographic trends have put substantial pressure on non-discretionary public expenditures such as health care, while legal challenges have put pressure on education financing. The author illustrates how these national trends have also impacted state and local finances - some directly, others indirectly. The economic downturn further constrains state and local governments' options for dealing with national trends. Constituents' sentiment toward the size of government further exacerbates fiscal choices for state and local governments.