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ERIC Number: ED101459
Record Type: RIE
Publication Date: 1973
Pages: 119
Abstractor: N/A
Reference Count: 0
The Financial Outlook for State and Local Government to 1980. Research Publication No. 28 (New Series).
Watters, Elsie M.
This study probes the influences behind recent trends in State-local finance and attempts to ferret out the dominant influences that will prevail during the remainder of the seventies. It presents projections of State-local finance for fiscal years 1975 and 1980 that indicate general spending and revenues will grow at a pace that will tend to generate surpluses of some $13 billion in 1975 and $9 billion in 1980. The major element tending to mitigate the rise in spending is the expected leveling in enrollments in educational institutions and in the number of welfare recipients. The outlook for a somewhat higher rate of inflation in the seventies than in the sixties tends to narrow the full savings that might otherwise result. The publication suggests that the ability of States and localities to achieve a lasting state of financial balance is predicated on policy decisions on how potential surpluses will be used, future federal policy with respect to grant-in-aid programs, the manner in which the current controversy over local public school finance is resolved, and the willingness of State-local units to cut back from recent accelerated rates of expenditure growth to increases that are more in line with longer-term averages. (Author/DN)
Tax Foundation, Inc., 50 Rockefeller Plaza, New York, New York 10020 ($2.50)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: Tax Foundation, Inc., New York, NY.