Economic Growth and Fiscal Planning in New York
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A01=Roy Bahl
A01=William Duncombe
Author_Roy Bahl
Author_William Duncombe
Category=KC
employment growth patterns
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eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
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Expenditure Retrenchment
Federal Aid
Federal Aid Reduction
Federal Tax Reform
Fiscal Health
fiscal performance evaluation in New York
Fiscal Planning
General Fund Balances
Greater Fiscal Decentralization
local government finance
Local Government Fiscal Health
Local Government Sectors
Long Term Fiscal Planning
Low Paying Service Sectors
National Growth Rate
Out-of State Migration
Payroll Growth
Personal Income Growth
personal income statistics
population trends analysis
Proprietor Income
public sector retrenchment
Roy Babl
RTS
state fiscal adjustment
State Government Tax Revenue
Strong Income Growth
Tax Effort
Taxable Capacity
World's Largest Urban Agglomerations
York Economy
York's Neighbors
Product details
- ISBN 9780882851341
- Weight: 703g
- Dimensions: 152 x 229mm
- Publication Date: 15 Jun 2006
- Publisher: Taylor & Francis Inc
- Publication City/Country: GB
- Product Form: Hardback
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In an era of federal deficits and struggling municipalities, states have emerged as the most significant governmental actors. But state governments face the major challenge of fiscal planning in the midst of economic change. Roy Bahl and William Duncombe tackle this challenge head-on. Using New York as a case study, they identify looming dangers for state revenue and expenditure planning.Bahl and Duncombe begin with the premise that one cannot separate an evaluation of fiscal performance from an evaluation of economic performance. Accordingly, they describe and analyze the patterns of population, employment, and personal income growth. Following this is a study of state and local government finances in New York since 1970 and a recounting of the fiscal adjustments that were taken in the face of slower and then faster growth in the economy.The authors conclude that based on current conditions, the state and its local governments are in for fiscal belt-tightening. They note that the state should take a comprehensive view in planning the development and retrenchment of its government sector. The book is thought-provoking, exhaustively researched, and sensibly written. Its lessons are applicable everywhere and should be read by all those seeking a route through the tangled thicket of government policy for economic growth.
