ERIC Number: ED418486
Record Type: RIE
Publication Date: 1996-Dec
State Strategies To Manage Budget Shortfalls.
National Conference of State Legislatures, Denver, CO.
Some of the strategies that states have used to manage budget shortfalls are presented in this report. It provides information, evaluations, and case studies that policymakers can refer to when considering their options, and it emphasizes strategies to manage budget shortfalls, which tend to need a quick resolution. The report also examines some state actions that are intended to have a longer-term, positive effect on state budget management. The report begins with a definition of a budget shortfall, followed by an examination of the causes of such a condition. It explores various management efforts such as cutting the budget and raising revenue. Case studies show how states have avoided or minimized shortfalls and have reduced state spending in major program areas using such strategies as privatization and early retirement. Chapter 4 considers the area of K-12 education and provides a case study of "K-12 School Foundation Aid Reductions in Vermont" (p.25). (RJM)
Descriptors: Budgeting, Case Studies, Elementary Secondary Education, Expenditures, Financial Problems, Higher Education, Money Management, State Government, Strategic Planning
National Conference of State Legislatures, 1560 Broadway, Suite 700, Denver, CO 80202 (Stock No. 5333; $35).
Publication Type: Books; Information Analyses
Education Level: N/A
Authoring Institution: National Conference of State Legislatures, Denver, CO.