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Recent Trends in the Finances of the State and Local Sector
Author(s) -
Carnevale John T.
Publication year - 1988
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.00781
Subject(s) - decentralization , recession , state (computer science) , local government , economics , economic sector , economic policy , government (linguistics) , state government , business , political science , public administration , market economy , economy , macroeconomics , linguistics , philosophy , algorithm , computer science
This article reviews recent trends in the finances of the state and local government sector. It finds that the sector has become increasingly self‐sufficient, successfully managing its way in the eighties through the back‐to‐back recessions and the decentralization of the federal role in state and local fiscal affairs. The outlook for the sector now depends more on general economic trends and the actions of state and local governments, than trends in federal aid.