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Financing State and Local Governments
Paperback
Series: Studies of Government Finance
Investing & FinanceUnited States Politics
ISBN13: 9780815755173
Publisher: Brookings Institution Press
Published: May 1 1986
Pages: 265
Weight: 0.88
Height: 0.80 Width: 6.00 Depth: 8.90
Language: English
State and local governments are at a financial crossroads. As the federal government attempts to reduce its deficits, state governments will have to provide a greater share of support for mandatory social programs. Local governments face demands for new initiatives in education and for civic improvements. Both have obligations to employee pension plans that are large and still relatively untested. Running counter to these claims on state and local budgets is a voter effort to limit the amounts that governments may tax or spend.
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