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Bringing Rigor to cutback management: Eugene's constrained prioritization process.

Government Finance Review

| February 01, 2004 | Petry, Jeff | COPYRIGHT 2004 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Ashrinking revenue base and increased demand for public services has made the need to prioritize government services critical the last few years. The federal budget has gone from a $127 billion surplus in fiscal 2001 to an estimated $480 billion deficit in fiscal 2004 because of the recession, ongoing military actions, and expansionary fiscal policy. (1)

While the federal government can run a deficit, state governments must maintain a balanced budget. Despite ongoing spending reductions and a host of revenue measures, the states' yearend balances decreased from a combined total of $38 billion in fiscal 2001 to an estimated $16 billion in fiscal 2004. (2) States ...

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