Download or read book State Fiscal Conditions written by Steven David Gold and published by . This book was released on 1987 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Brief Overview of State Fiscal Conditions and the Effects of Federal Policies on State Budgets written by and published by . This book was released on 2003 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fiscal Condition of State and Local Government written by United States. Congress. House. Committee on the Budget and published by . This book was released on 1991 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State and Local Governments written by United States. Government Accountability Office and published by . This book was released on 2021 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic and related policies had a rapid and severe effect on the U.S. economy, including state and local governments. To limit social contact and slow the spread of the pandemic, nearly all states implemented policies that limited certain economic activities. Relief laws, including the CARES Act, provided appropriations to state and local governments to address the public health and economic threats posed by the pandemic. This report examines (1) changes in revenues and expenditures for the state and local government sector since the onset of the pandemic, (2) changes in revenues and expenditures for selected states, (3) actions selected states took to address changes in revenues and expenditures, and (4) factors that affected the selected states' capacity to implement federal programs.
Download or read book Economic and Fiscal Conditions of the States written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-14 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and fiscal conditions of the states : hearing before the Committee on Finance, United States Senate, One Hundred Tenth Congress, second session, February 26, 2008.
Download or read book The Fiscal Survey of States written by National Governors Association. NGA and published by . This book was released on 2011 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State Government Fiscal Stress and Federal Assistance written by Robert Jay Dilger and published by Createspace Independent Pub. This book was released on 2013-01-05 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: No two state budgets are alike. States have different budget cycles, different ways of preparing revenue estimates and forecasts, different requirements concerning their operating and capital budgets, different roles for their governors in the budget process, and different policies concerning the carrying over of operating budget deficits into the next fiscal year. Although no two state budgets are alike, all 50 states have experienced fiscal stress in recent years, especially during FY2009 and FY2010. The national economic recession, which officially lasted from December 2007 to June 2009, led to lower levels of economic activity throughout the nation and reduced state tax revenues. State tax revenues from all sources, including sales, personal, and corporate income tax collections, fell from $680.2 billion in FY2008 to $609.8 billion in FY2010, a decline of 10.3%. The decline in state tax revenue, coupled with increased demand for social services and state-balanced operating budget requirements, created what the National Association of State Budget Officers (NASBO) characterized as “one of the worst time periods in state fiscal conditions since the Great Depression.” States closed nearly $230 billion in state budget shortfalls in FY2009 and FY2010; and $146.3 billion in state shortfalls in FY2011 and FY2012. State fiscal conditions improved during FY2011 and FY2012, and are projected to continue to improve in FY2013. However, states continue to experience fiscal challenges. For example, although state general fund revenue is projected to surpass pre-recession levels in FY2013 by about $13 billion (from $680.2 billion in FY2008 to $692.8 billion in FY2013), total general fund spending is projected to remain below pre-recession levels in FY2013 (from $687.3 billion in FY2008 to $681.3 billion in FY2013). State budget officers predict continuing budgetary challenges in virtually all states in FY2013, in part due to slow state revenue growth, the withdrawal of temporary federal assistance provided through P.L. 111-5, the American Recovery and Reinvestment Act of 2009 (ARRA), the need to replenish reserves, and increased costs for health care and other social services. Congressional interest in state budgetary finances has increased in recent years, primarily because state action to address budget shortfalls, such as increasing taxes, laying off or furloughing state employees, and postponing or eliminating state infrastructure projects, could have an adverse effect on the national economic recovery. For example, Federal Reserve Board Chairman Benjamin Bernanke stated on March 2, 2011, that the fiscal problems of state and local governments have “had national implications, as their spending cuts and tax increases have been a headwind on the economic recovery.” Also, if states reduce their service levels there could be additional pressure for the federal government to provide those services. As funding from ARRA expires, there could be additional pressure for the federal government to provide additional federal assistance to states. This publication examines the current status of state fiscal conditions and the role of federal assistance in state budgets. It begins with a brief overview of state budgeting procedures and then provides budgetary data comparing state fiscal conditions in FY2008 to FY2011. The data indicate that (1) states reduced their general fund budgets from FY2008 to FY2011, but, because they received increased federal funding, increased their total amount of spending; (2) the share of total state expenditures held by the states' four operating expenditures budgets (general fund, federal funds, other state funds, and bonds) shifted from FY2008 to FY2011, with an increased reliance on federal funds; and (3) states experienced varying levels of fiscal stress from FY2008 to FY2011. This publication concludes with an assessment of the consequences current levels of state fiscal stress may have for the 113th Congress.
Download or read book Welfare Reform written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-10-21 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welfare Reform: Information on Changing Labor Market and State Fiscal Conditions
Download or read book The Fiscal Strains on State Governments written by Arthur Horváth and published by Nova Science Publishers. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: States have different budget cycles, different ways of preparing revenue estimates and forecasts, different requirements concerning their operating and capital budgets, different roles for their governors in the budget process, and different policies concerning the carrying over of operating budget deficits into the next fiscal year. Although no two state budgets are alike, all fifty states experienced heightened levels of fiscal stress during FY2009 and FY2010. The national economic recession, which officially lasted from December 2007 to June 2009, led to lower levels of economic activity throughout the nation and reduced state tax revenues. This book examines the current status of state fiscal conditions and the role of federal assistance in state budgets. It begins with a brief overview of state budgeting procedures and then provides budgetary data comparing state fiscal conditions in FY2008 to FY2010.
Download or read book State Fiscal Condition Report written by Commission on California State Government Organization and Economy and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State and Local Fiscal Conditions and COVID 19 written by Grant A. Driessen and published by . This book was released on 2020 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State Fiscal Condition written by Sarah Arnett and published by . This book was released on 2018 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: State fiscal condition is multifaceted and difficult to measure. Using a method developed in previous research, I create the cash, budget, long-run, and service-level solvency indices using fiscal year 2012 data to measure the dimensions of fiscal condition. The five states with the highest-ranked overall fiscal condition are Alaska, South Dakota, North Dakota, Nebraska, and Wyoming. The five states with the lowest-ranked fiscal condition are New Jersey, Connecticut, Illinois, Massachusetts, and California. The top five states all had a surplus in fiscal year 2012 as measured by an increase in net assets, but there are differences in their underlying strengths. I find that the states with the worst fiscal condition have had years of poor financial management across the different dimensions of fiscal condition.
Download or read book State Fiscal Condition Report written by and published by . This book was released on 1995 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State Government Fiscal Stress and Federal Assistance written by Robert Jay Dilger and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the current status of state fiscal conditions and the role of federal assistance in state budgets. It begins with a brief overview of state budgeting procedures and then provides budgetary data comparing state fiscal conditions in FY2008 to FY2010. This report concludes with an assessment of the consequences current levels of state fiscal stress may have for the 112th Congress.
Download or read book State Fiscal Conditions and Medicaid written by and published by . This book was released on 2012 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Medicaid is the nation's primary health insurance program for low-income and high need Americans. Covering nearly 60 million, Medicaid provides health coverage for low-income families who lack access to other affordable coverage options and for individuals with disabilities for whom private coverage is often not available or not adequate. During economic downturns state revenues fall at the same time that Medicaid enrollment and spending rise. To help states during the last recession, the American Recovery and Reinvestment Act (ARRA) was passed which temporarily increased the federal government's share of Medicaid costs. Now in state fiscal year (FY) 2012, federal fiscal relief has ended and states continue to suffer from the effects of the recession, although some positive signs are emerging.
Download or read book Spending Clause Conditions and the Coronavirus State Fiscal Recovery Fund written by Sean M. Stiff and published by . This book was released on 2021 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth and Variability in State Tax Revenue written by Randall G. Holcombe and published by Praeger. This book was released on 1997-10-28 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state policymakers, they are not the cause of fiscal crises. The book presents an improved methodology for measuring cyclical variability of revenues and uses this methodology to show that there is no way to restructure state tax systems in order to appreciably reduce the fiscal stress associated with recessions. Fiscal stress can be lessened by setting aside revenues during prosperous years in a rainy day fund, but current rainy day funds are not large enough to eliminate the fiscal stress caused by recessions.
