Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

Synopsis

During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state policymakers, they are not the cause of fiscal crises.
Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.