State & Local Government

Fiscal Conditions in 2008

National League of Cities Research Brief on America’s Cities

By Michael A. Pagano and Christopher W. Hoene
National League of Cities
September 04th, 2008
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Report Subtitle: 
National League of Cities Research Brief on America’s Cities
Author Organization(s): 
National League of Cities
Author(s): 
Michael A. Pagano and Christopher W. Hoene
Report: 
http://66.218.181.91/ASSETS/A49C86122F0D4DBD812B91DD5777F04D/CityFiscal_Brief_08...
Publication Date: 
09/04/2008

Confronted with declining economic conditions driven by downturns in housing, consumer spending, and jobs and income, city finance officers report that the fiscal condition of the nation’s cities has weakened dramatically in 2008.

Among the findings of the National League of Cities’ latest annual survey of city finance officers are:

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Fiscal Survey of States

By National Governors Association and National Association of State Budget Officers
June 04th, 2008
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Author Organization(s): 
National Governors Association and National Association of State Budget Officers
Report: 
http://www.nasbo.org/Publications/PDFs/Fiscal%20Survey%20of%20the%20States%20Jun...
Publication Date: 
06/04/2008

Fiscal 2008 marked a turning point for state finances with a significant increase in states seeing fiscal difficulties, in stark contrast to the preceding several years. As the economy has weakened, so has the state revenue and spending picture. The decline of the housing sector along with a weak manufacturing sector have combined to cause significant declines in revenue for a number of states. more »

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State Budget Troubles Worsen

By Elizabeth McNichol and Iris J. Lav
Center on Budget and Policy Priorities
October 24th, 2008
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Author Organization(s): 
Center on Budget and Policy Priorities
Author(s): 
Elizabeth McNichol and Iris J. Lav
Report: 
http://www.cbpp.org/9-8-08sfp.htm
Publication Date: 
10/24/2008

At least 39 states faced or are facing shortfalls in their budgets for this and/or next year. Over half the states had already cut spending, used reserves, or raised revenues in order to adopt a balanced budget for the current fiscal year — which started July 1 in most states. Now, their budgets have fallen out of balance again. more »

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Isaiah J. Poole's picture

CAF STAFF

State Budget Cuts Will Worsen Economy

By Isaiah J. Poole
June 9th, 2008

Twenty-nine states and the District of Columbia face a combined budget shortfall of about $48 billion in their 2009 budgets, which in most states take effect in July. Already, state and local governments modestly trimmed jobs in the past year, but to close the looming shortfalls states will have to make more dramatic job cuts, and program and project cuts will have ripple effects in the private sector as well. This will worsen economic conditions in states that are already struggling economically, including Arizona, California, Illinois, New Jersey, New York and Rhode Island. Congress should pass an aid package to states that will help them balance their budgets without deepening the recession.

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Terrance Heath's picture

CAF STAFF

Cities Feeling the Pinch in Credit Crisis

From washingtonpost.com
November 29th, 2007
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Submitted by Terrance Heath
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Toby Chaudhuri's picture

CAF STAFF

Katrina Recovery Reveals Stark Divide

From washingtonpost.com
November 26th, 2007
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Submitted by Toby Chaudhuri
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Chris Collins's picture

CAF STAFF

Lead in Toys Sparks Lawsuit

From latimes.com
November 19th, 2007
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Submitted by Chris Collins
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Alexandra Walker's picture

Midwest States Sign Global Warming Pact

From time.com
November 16th, 2007
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Robert Dorst2's picture

License to Demagogue

By Andrea Batista Schlesinger and Amy Traub, The Nation
From thenation.com
November 14th, 2007
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Submitted by Robert Dorst2 (not verified)

thenation.com — A plan to offer New York's undocumented immigrants driver's licenses should not have died.

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Robert Dorst2's picture

Tuitions Rise Twice as Fast as Inflation

From nytimes.com
November 14th, 2007
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Submitted by Robert Dorst2 (not verified)
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