Fiscal Pressure Facing State and Local Government

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ISBN 13 : 9781614702481
Total Pages : 0 pages
Book Rating : 4.7/5 (24 download)

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Book Synopsis Fiscal Pressure Facing State and Local Government by : Logan R. Evans

Download or read book Fiscal Pressure Facing State and Local Government written by Logan R. Evans and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: he financial consequences of the recession that spanned from December 2007 through June of 2009 has increased congressional interest in the financial health of state and local governments. State and local tax revenues declined, expenditures climbed, and debt increased. Even though tax revenue has begun to rebound, expenditures for unemployment benefits and other social programs remain elevated. In response to these state and local government fiscal headwinds, several hearings have been held early in the 112th Congress to examine the health of state and local government finances and the potential effects on the economic recovery. This book provides an overview of state and local government finances and how these governments incorporate borrowing into their budget and the debt parameters of each state.

Fiscal Pressure Facing State and Local Government

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ISBN 13 : 9781614702610
Total Pages : pages
Book Rating : 4.7/5 (26 download)

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Book Synopsis Fiscal Pressure Facing State and Local Government by : Logan R. Evans

Download or read book Fiscal Pressure Facing State and Local Government written by Logan R. Evans and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

State and Local Governments

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Publisher :
ISBN 13 : 9781974637751
Total Pages : 48 pages
Book Rating : 4.6/5 (377 download)

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Book Synopsis State and Local Governments by : U.s. Government Accountability Office

Download or read book State and Local Governments written by U.s. Government Accountability Office and published by . This book was released on 2017-08-17 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: "State and local governments work in partnership with the federal government to implement numerous intergovernmental programs. Fiscal pressures for state and local governments may exist when spending is expected to outpace revenues for the long term. GAO was asked to examine (1) the long-term fiscal pressures facing state and local governments and historical spending and revenue trends, (2) spending and revenue trends to identify patterns among states, and (3) what is known about the implications of these fiscal pressures for federal policies.Using aggregate data from the Bureau of Economic Analysis's National Income and Product Accounts, this analysis draws on results from the March 2010 update to GAO's state and local government fiscal model. GAO's model uses historical data to simulate expenditures and revenues for the sector for the next 50 years. Data from the U.S. Census Bureau are used to analyze patterns of state and local government expenditures and revenues among the states from 1977 to 2007, the most recent 30-year period for which these data were available. A review of GAO and other reports synthesizes what is known about the implications of these long-term fiscal pressures for future federal policies.GAO does not make recommendations in this report..."

State and Local Finances Under Pressure

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781008522
Total Pages : 358 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis State and Local Finances Under Pressure by : David L. Sjoquist

Download or read book State and Local Finances Under Pressure written by David L. Sjoquist and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and Local Finances under Pressure explores the future of state and local government fiscal systems given the numerous pressures they face from economic, legal, technological, demographic and political forces. It explores how these multiple forces play out in terms of the changes state and local governments should and are likely to make. The contributors argue that state and local governments must make substantial changes and that failure to act is likely to result in adverse effects and increasing pressures for modifications that are more difficult to implement and more politically unpalatable. Without reform, state and local fiscal systems will grow increasingly out of sync with economic reality. The authors suggest that government responses are likely to be evolutionary, but that in 25 years the recorded changes will be substantial. The first chapter provides a historic perspective of state and local fiscal trends. Each of the subsequent chapters describes the nature of one of the pressures state and local governments face including: political and legal forces, globalization of business, demographic and technological changes, deregulation of utilities, and urban sprawl. Policymakers, economists, political scientists, fiscal policy analysts and public administrators will find this comprehensive book of interest.

State and Local Governments

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ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis State and Local Governments by : Stanley J. Czerwinski

Download or read book State and Local Governments written by Stanley J. Czerwinski and published by . This book was released on 2010 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local governments work in partnership with the federal government to implement numerous intergovernmental programs. Fiscal pressures for state and local governments may exist when spending is expected to outpace revenues for the long term. GAO (Government Accountability Office) was asked to examine (1) the long-term fiscal pressures facing state and local governments and historical spending and revenue trends, (2) spending and revenue trends to identify patterns among states, and (3) what is known about the implications of these fiscal pressures for federal policies. Using aggregate data from the Bureau of Economic Analysis's National Income and Product Accounts, this analysis draws on results from the March 2010 update to GAO's state and local government fiscal model. GAO's model uses historical data to simulate expenditures and revenues for the sector for the next 50 years. Data from the U.S. Census Bureau are used to analyze patterns of state and local government expenditures and revenues among the states from 1977 to 2007, the most recent 30-year period for which these data were available. A review of GAO and other reports synthesizes what is known about the implications of these long-term fiscal pressures for future federal policies. GAO does not make recommendations in this report. Appendices include: (1) Scope & Methodology; and (2) GAO Contact and Staff Acknowledgments. (Contains 4 tables, 11 figures, and 41 footnotes.).

Local Government Response to Fiscal Pressure and Stress

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Publisher :
ISBN 13 :
Total Pages : 166 pages
Book Rating : 4.:/5 (894 download)

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Book Synopsis Local Government Response to Fiscal Pressure and Stress by : Kingstone Kozanai Sukuta

Download or read book Local Government Response to Fiscal Pressure and Stress written by Kingstone Kozanai Sukuta and published by . This book was released on 1982 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This thesis studies local government behavior or response in times of fiscal stress and pressure. In this particular case, fiscal stress is a situation whereby externally imposed tax cuts require strin-gent fiscal limitation on local government expenditure revenues. Local governments in Washington State have faced externally im-posed property tax cuts for the past eight years. The state legislature, in attempting to provide tax relief to property owners, passed an omnibus property tax relief bill in the 1971 Extraordinary Session. The property tax relief package included a tax levy limitation which restricted the amount levy revenue may be increased in any year. Local taxing districts were permitted no more than six percent increase per year plus assess-ments against new construction. The scope of my study involves a brief historical review of property tax cuts imposed on local government by state egislatures, courts, and state constitutions throughout the country. Factors that contribute to greater state control over local fiscal affairs using prop-erty tax limitation measure have been identified and analyzed utilizing available literature. An attempt has been made to show how local fiscal flexibility has been undermined by such measures. To demonstrate the effect and impact of tax limitation measures on local government, a case review has been conducted by analyzing the 106 percent legislative limitation. An appraisal of the aggregate impact on local government property tax revenues throughout the State of Washington has been conducted. Available literature and the City of Spokane has been used to demonstrate how local governments behave or respond under such spending limitations"--Document.

Update of State and Local Government Fiscal Pressures

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Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (32 download)

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Book Synopsis Update of State and Local Government Fiscal Pressures by :

Download or read book Update of State and Local Government Fiscal Pressures written by and published by . This book was released on 2009 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: [GAO provided] information on (1) the fiscal pressures facing state and local governments and (2) principles to consider in determining how to effectively target and time temporary assistance to states, especially for Medicaid.

Intergovernmental Issues

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (114 download)

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Book Synopsis Intergovernmental Issues by : United States. Government Accountability Office

Download or read book Intergovernmental Issues written by United States. Government Accountability Office and published by . This book was released on 2020 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local governments work together with the federal government to deliver a broad range of public services. GAO’s prior work has shown that the state and local government sector will likely face fiscal pressures during the next 50 years due to a gap between spending and revenues. The fiscal sustainability of the state and local government sector is essential to effectively implement intergovernmental programs. GAO was asked to review recent trends in state and local government expenditures and revenues, fiscal pressures for state and local governments with intergovernmental implications, and the implications of federal policy for these pressures. This report (1) examines trends in state and local government expenditures and revenues during the past two decades; and (2) synthesizes expert views regarding the effects of federal policy on state and local government fiscal conditions.

State and Local Governments

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781983716171
Total Pages : 48 pages
Book Rating : 4.7/5 (161 download)

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Book Synopsis State and Local Governments by : United States Government Accountability Office

Download or read book State and Local Governments written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-11 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and Local Governments: Fiscal Pressures Could Have Implications for Future Delivery of Intergovernmental Programs

State and local governments

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ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis State and local governments by : United States. Government Accountability Office

Download or read book State and local governments written by United States. Government Accountability Office and published by . This book was released on 2010 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Current Fiscal Position of State and Local Governments

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ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The Current Fiscal Position of State and Local Governments by : United States. Congress. Joint Economic Committee. Subcommittee on Urban Affairs

Download or read book The Current Fiscal Position of State and Local Governments written by United States. Congress. Joint Economic Committee. Subcommittee on Urban Affairs and published by . This book was released on 1975 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

State and Local Governments Strategies for Responding to Fiscal Pressure

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ISBN 13 :
Total Pages : 188 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis State and Local Governments Strategies for Responding to Fiscal Pressure by : Harold Wolman

Download or read book State and Local Governments Strategies for Responding to Fiscal Pressure written by Harold Wolman and published by . This book was released on 1981 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

State and Local Fiscal Challenges

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ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (289 download)

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Book Synopsis State and Local Fiscal Challenges by : Stanley J. Czerwinski

Download or read book State and Local Fiscal Challenges written by Stanley J. Czerwinski and published by . This book was released on 2008 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO was asked to provide its views on projected trends in health care costs and their effect on the long-term outlook for state and local governments in the context of the current economic environment. This statement addresses three key points: (1) the state and local government sector's long-term fiscal challenges; (2) rapidly rising health care costs which drive the sector's long-term fiscal difficulties, and (3) the considerations involved in targeting supplemental funds to states through the Medicaid program during economic downturns. To provide Congress and the public with a broader perspective on our nation's fiscal outlook, GAO previously developed a fiscal model of the state and local sector. This model enables GAO to simulate fiscal outcomes for the sector in the aggregate for several decades into the future. GAO first published the findings from the state and local fiscal model in 2007. This statement includes August 2008 data to update the simulations. This Committee and others also asked GAO to analyze strategies to help states address increased Medicaid expenditures during economic downturns. GAO simulated the provision of such supplemental assistance to states. As we previously reported, the simulation model adjusts the amount of funding states would receive based on changes in unemployment and spending on Medicaid services. Rapidly rising health care costs are not simply a federal budget problem. Growth in health-related spending also drives the fiscal challenges facing state and local governments. The magnitude of these challenges presents long-term sustainability challenges for all levels of government. The current financial sector turmoil and broader economic conditions add to fiscal and budgetary challenges for these governments as they attempt to remain in balance. States and localities are facing increased demand for services during a period of declining revenues and reduced access to capital. In the midst of these challenges, the federal government continues to rely on this sector for delivery of services such as Medicaid, the joint federal-state health care financing program for certain categories of low-income individuals. Our model shows that in the aggregate the state and local government sector faces growing fiscal challenges. Incorporation of August 2008 data shows that the position of the sector has worsened since our January 2008 report. The long-term outlook presented by our state and local model is exacerbated by current economic conditions. During economic downturns, states can experience difficulties financing programs such as Medicaid. Downturns result in rising unemployment, which can increase the number of individuals eligible for Medicaid, and declining tax revenues, which can decrease revenue available to fund coverage of additional enrollees. GAO's simulation model to help states respond to these circumstances is based on assumptions under which the existing Medicaid formula would remain unchanged and add a new, separate assistance formula that would operate only during times of economic downturn. Considerations involved in such a strategy could include: (1) timing assistance so that it is delivered as soon as it is needed, (2) targeting assistance according to the extent of each state's downturn, (3) temporarily increasing federal funding so that it turns off when states' economic circumstances sufficiently improve, and (4) triggering so the starting and ending points of assistance respond to indicators of economic distress.

State and local governments

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (74 download)

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Book Synopsis State and local governments by : United States. Government Accountability Office

Download or read book State and local governments written by United States. Government Accountability Office and published by . This book was released on 2010 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

State and Local Governments Fiscal Outlook

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Publisher :
ISBN 13 : 9781974637645
Total Pages : 24 pages
Book Rating : 4.6/5 (376 download)

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Book Synopsis State and Local Governments Fiscal Outlook by : U.s. Government Accountability Office

Download or read book State and Local Governments Fiscal Outlook written by U.s. Government Accountability Office and published by . This book was released on 2017-08-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Fiscal sustainability presents a national challenge shared by all levels of government. Since 2007, GAO has published long-term fiscal simulations for the state and local government sector. These simulations show that, like the federal government, the state and local government sector faces persistent and long-term fiscal pressures.Using the Bureau of Economic Analysis's National Income and Product Accounts (NIPA) as the primary data source, GAO's model projects the level of receipts and expenditures for the sector until 2060 based on current and historical spending and revenue patterns. GAO assumes the current set of policies in place across federal, state, and local governments remains constant. This update incorporates NIPA data including increased federal grant funding made available to the sector through the American Recovery and Reinvestment Act of 2009. The model simulates the long-term fiscal outlook for the state and local sector as a whole and, while the model incorporates the Congressional Budget Office's economic projections, adjustments are made to capture the budgetary effects of near-term cyclical swings in the economy. Because the model covers the sector in the aggregate, the fiscal outcomes for individual states and localities cannot be..."

Brookings Papers on Economic Activity: Spring 2017

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Publisher : Brookings Institution Press
ISBN 13 : 081573252X
Total Pages : 484 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Brookings Papers on Economic Activity: Spring 2017 by : Janice Eberly

Download or read book Brookings Papers on Economic Activity: Spring 2017 written by Janice Eberly and published by Brookings Institution Press. This book was released on 2017-10-10 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.

The Economics of State and Local Government

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Publisher : McGraw-Hill Companies
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of State and Local Government by : Werner Zvi Hirsch

Download or read book The Economics of State and Local Government written by Werner Zvi Hirsch and published by McGraw-Hill Companies. This book was released on 1970 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: