In this book on new fiscal approaches, nineteen experts examine topics ranging from constitutional reform and debt fatigue to fiscal rules and zero-based budgeting. Together, these contributions inform a multifaceted, nuanced argument for the need to formalize spending restraint and redefine state debt to include unfunded liabilities. Scholars will find the book useful as a reference tool explaining how rules-based fiscal policy is used to address debt fatigue and unsustainable spending growth. Legislators and practitioners will find the book useful as a reference source in designing and simulating second generation fiscal rules, and educators will find the book helpful for its close analysis of policies in representative states such as Illinois, New York, New Jersey, Nebraska, and California.
Contributions by:
James Broughel,
Chris Edwards,
Erick M. Elder
Edited by:
Barry W. Poulson,
John Merrifield
Imprint: Lexington Books/Fortress Academic
Country of Publication: United States
Dimensions:
Height: 237mm,
Width: 158mm,
Spine: 23mm
Weight: 567g
ISBN: 9781666932034
ISBN 10: 1666932035
Pages: 302
Publication Date: 15 July 2023
Audience:
Professional and scholarly
,
Undergraduate
Format: Hardback
Publisher's Status: Active
Part I State Debt and Fiscal Stabilization Chapter 1 State Debt and Liabilities: A Holistic Approach Chapter 2 U.S. State Debt Defaults and Constitutional Reform in Historical Perspective Chapter 3 Pension Liability Stress for State Governments Chapter 4 Preparing State Finances for a Time of Crisis Chapter 5 Debt Fatigue in the States: Red States, Blue States, and Zombie States Part II State Fiscal Institutions Chapter 6 Budget Stabilization Funds Chapter 7 Anti-Aid Provisions in State Constitutions Chapter 8 Competition, Networks, and Public-Private Partnerships: Contributions to State Governance Chapter 9 Extending Zero-Based Budgeting to Zero-Based Regulation Part III Fiscal Federalism Chapter 10 Government Growth, Institutional Erosion, and the Fiscal Squeeze: Nebraska as a Case Study Chapter 11 Fiscal Federalism and State Budgeting Chapter 12 Give People a Vote That Counts, and They Will Vote for Fiscal Responsibility Chapter 13 Florida’s Fiscal Conservatism
Barry W. Poulson is emeritus professor of economics at the University of Colorado. John Merrifield is head of the Institute for Objective Policy Assessment and was a member of the faculty at the University of Texas at San Antonio for 32 years.
Reviews for New Perspectives on State Government Fiscal Challenges
The analyses in this volume are applicable to all levels of government, especially for difficult conceptual issues, e.g. recognition of unfunded liabilities, right-sizing budget stabilization funds, regulatory budgeting, asset/liability valuation, and design of the essential budget constraint. -- Marvin Phaup, George Mason University
