000 01577naa a2200169uu 4500
001 9031917142210
003 OSt
005 20190211164850.0
008 090319s2009 xx ||||gr |0|| 0 eng d
100 1 _aCHAPMAN, Jeffrey I
_936577
245 1 0 _aState and local fiscal sustainability :
_bthe challenges
260 _aMalden, MA :
_bBlackwell Publishers,
_cDecember 2008
520 3 _aAt the state and local level, fiscal sustainability is the long-run capability of a government to consistently meet its financial responsibilities. It reflects the adequacy of available revenues to ensure the continued provision of the service and capital levels that the public demands. After examining separate revenue and expenditure trends for state and local governments, this article identifies three specific sets of pressures that affect subnational fiscal sustainability—cyclical, structural, and intergovernmental. It then presents three specific examples of these pressures: Medicaid, pensions and retiree health benefits, and infrastructure. The author asserts that without changes in the fiscal system—in both revenues and expenditures—state and local fiscal sustainability will disappear. It concludes with some potential solutions but argues that the most difficult reform is to ensure that the public understands that there is no such thing as a free lunch
773 0 8 _tPublic administrarion review : PAR
_g68, Special, p. S115-S131
_dMalden, MA : Blackwell Publishers, December 2008
_xISSN 00333352
_w
942 _cS
998 _a20090319
_b1714^b
_cTiago
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c28563
_d28563
041 _aeng