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VII Will the State and Local Budget Crisis Hinder Economic Growth?

VII Will the State and Local Budget Crisis Hinder Economic Growth? »

Source: U.S. Fiscal Policies and Priorities for Long-Run Sustainability

Series: Occasional Papers

Author(s): Martin Mühleisen , and Christopher Towe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 2004

ISBN: 9781589062955

Keywords: Economic growth, medicare, tax cuts, health care, public debt, fiscal policy

Following a decade of strong revenue growth and significant surpluses, state and local governments (SLGs) are now facing significant budget shortfalls for a third consecutive year. At a time when the federal...