State Government Finances: World War II to the Current Crises
- Garrett, Thomas A. (Federal Reserve Bank of St. Louis)
- Wagner, Gary A. (Federal Reserve Bank of St. Louis)
- Archival Version (Subtitle)
AbstractThis article examines the current state budget crises from a historical perspective. The role of major expenditures and revenue sources in the context of the current slowdown and how reliance on various revenue sources has changed since World War II are addressed. Tax revenue variability over the business cycles and the use of nontraditional revenue sources, such as state lotteries and casino gaming, are also discussed. The article further comments on the role of fiscal institutions, such as tax and expenditure limitation laws, rainy day funds, and balanced budget rules, in state budgeting and finance.
Table of Contents
- DS1: Dataset
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- 1300 (Type: ICPSR Study Number)
Is previous version of
Garrett, Thomas A., Wagner, Gary A.. State Government Finances: World War II to the Current Crises. Federal Reserve Bank of St. Louis Review.86, (2), 9-26.2004.
Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15