Long-Term Budget Stability Amidst Fiscal Crisis: What Can States Do to Better Navigate the Next One?
While recent economic news suggests that the short-term cyclical fiscal hemorrhage is healing, long-term structural challenges still exist that must be examined to enable states to weather the next fiscal storm. State officials will have the opportunity and challenge to pursue durable strategies that will improve fiscal stability.
About the Author
Nick Samuels is a senior fiscal analyst at the National Association of State Budget Officers (NASBO).