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Managing budgetary pressure during economic downturns. (Forum).

Government Finance Review

| February 01, 2002 | Proctor, Allen J. | COPYRIGHT 2002 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

The economic recession is creating difficult budget problems for governments throughout the United States. As tax revenue growth stagnates, many governments will face significant budget pressures over the next few years. Except for those governments that still have large fund balances, the prospect of depressed revenue growth for the next several years means that governments must find ways to do business differently if they are to keep their budgets in balance.

The most important factor that will single out the governments that will successfully weather the next several years is the capacity to adopt and adhere to a program of actively anticipating budget problems ...

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Source: HighBeam Research, Managing budgetary pressure during economic downturns. (Forum).

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