by Advisory Commission on Intergovernmental Relations in Washington .
Written in English
|Statement||[prepared by John P. Ross and Richard J. Reeder]|
|Series||A ; 70|
|Contributions||Ross, John, Reeder, Richard J|
|The Physical Object|
|Pagination||viii, 82 p. :|
|Number of Pages||82|
Trends in state/local finances, – State and local expenditures historically have been characterized by overall growth, and by changes in the distribution of spending. In Cited by: 3. What is happening now? Although the Great Recession officially ended in June , the economy remains in a slump. Real annual GDP growth was just % in the second Author: Tracy Gordon. Thus, states and localities have on average eclipsed 2 State and Local Budgets and the Great Recession the federal government when it comes to direct spending on goods Author: Tracy Gordon. Tre nds in state/ local finances, 1 ^2 State and local expenditures historically have been characterized by overall growth, and by changes in the distribution of spending.
For the United States as a whole, inflation-adjusted per pupil K–12 spending from state, local and federal sources combined declined by percent between and , in . Author of Bankruptcies, defaults, and other local government financial emergencies, Toward a federal infrastructure strategy, Federal mandate relief for state, local, and tribal governments, . It finds that state and local spending outside of medical assistance lost much of its real fiscal value since the last recession of –02, especially when inflation-adjusted Cited by: Advisory Commission on Intergovernmental Relations (ACIR) () State-local finances in recession and inflation, Report Washington, DC Google Scholar Bahl RW Author: Yilin Hou.
The Great Recession’s effect on state school finance systems was unlike previous downturns in the early s and early s in that it a) involved a greater loss of taxable income in many Author: Bruce D. Baker. And it lasted much longer than the recession itself. In fact, as my colleague Amanda Page-Hoongrajok points out, inflation-adjusted state and local final expenditure did not return to its . In general, the focus of economics more big picture in nature, such as how a country, region, or market is performing. Economics also focuses on public policy, while the . State and local finances appear to be in good shape, especially when compared with a few years back. As a result, several states are implementing, or planning, tax cuts. Much of this Author: Kevin L. Kliesen.