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Finding opportunities in fiscal stress: how to balance your budget and improve performance.
As they struggle to balance their revenue-deprived budgets, state and local governments should look beyond mere cost-cutting measures to structural solutions that not only foster budgetary balance, but also enhance service delivery.
State and local governments are experiencing the worst fiscal stress in more than a decade. As they struggle to balance their budgets, these governments have two choices: they can either resort to the traditional medicine (i.e., service reductions, cost cutting, layoffs, tax increases, or some combination thereof) or use the opportunity to make permanent changes to the way they operate. Advocating the latter approach, this article ...
- Structural Deficits Threaten State Finances, Report Says.
- Magazine article from: The Bond Buyer Vadum, Matthew May 18, 2005 700+ words
...need to address their so-called structural deficits, according to "Faulty Foundations...services. States have masked their structural deficits by raising sales tax rates, but...states most at risk of generating structural deficits as Alaska, Arkansas, Colorado...
- Report sees lean years ahead for state budgets; structural deficits expected to...
- Magazine article from: The Bond Buyer Patterson, Dean October 28, 1993 700+ words
...to balance their budgets in the wake of slow growth and structural deficits, says a report released yesterday by two groups representing...conference. "Until concerted action is taken to eliminate the structural deficits, states will continue to struggle." The annual report...
- Government Spending Faces Large Structural Deficits, N.Z.'s English Says.
- News wire article from: Mena Report July 3, 2009 700+ words
New Zealand's government faces the threat of large structural budget deficits that could last a decade if not curbed, Finance Minister Bill English said in a statement today. "There will need to be ongoing restraint on government spending increases," he added. He also noted that "it's important we
- The Other Ways of Doing Business: Fiscal Comparisons of Major U.S. Cities.
- Magazine article from: Government Finance Review Picur, Ronald D. December 1, 1994 700+ words
...analyses to the contemporary fiscal issue of structural deficits. Specifically, this report demonstrates...technique to identify fundamental causes of fiscal stress that lead to structural deficits. While this report focuses on New York...
- Managing Cities in Austerity: Urban Fiscal Stress in Ten Western Countries.
- Magazine article from: Government Finance Review Leithe, Joni L. April 1, 1995 700+ words
...surveys attempt to measure the degree of fiscal stress local governments are experiencing...to which strategies for dealing with fiscal stress vary from country to country. The...incorporating notions of fiscal "slack" and fiscal "stress" at opposite ends of the scale. They...
- High Property Taxes Cause 'Fiscal Stress' for Many New Jersey Communities.
- Newspaper article from: Knight Ridder/Tribune Business News July 11, 2002 700+ words
...Coleman said. Many factors contribute to fiscal stress, including the way governments raise...education than the national average. "Fiscal stress is not the same thing as poor management...more and more New Jersey towns are in fiscal stress." In Hackensack, one community cited...
- The Politics of Fiscal Stress: Organizational Management of Budget Cutbacks.
- Magazine article from: Government Finance Review Field, Joanne April 1, 1992 700+ words
...quantitative analysis of response to fiscal stress. The author characterizes the three...districts. Theoretically, in a period of fiscal stress an organization will depend more heavily...board, found itself under even more fiscal stress than it had experienced in the previous...
- Trends in the Region: Report Aims to Help Upstate New York Deal With Fiscal...
- Magazine article from: The Bond Buyer Whalen, Robert April 11, 2005 700+ words
...indicators can help illuminate looming fiscal stress spots before they become "evident...in revenue and budget data. "Fiscal stress in many ways is a function of...environmental factors that contribute to fiscal stress so that policy makers can better...
Source: HighBeam Research, Finding opportunities in fiscal stress: how to balance your budget...