Social Program Spending and State Fiscal Crises; Occasional Paper 70; Kenneth Finegold, Stephanie Schardin, Elaine Maag, Rebecca Steinbach, David Merriman, Alan Weil; November 2003This analysis of seven states (California, Colorado, Florida, Michigan, Mississippi, New Jersey, and Washington) shows that the severity of the current revenue crisis far exceeds that of the recession that triggered it because states cut taxes and expanded programs based on unsustainable revenue growth during the late 1990s. All of the states studied responded to revenue declines with short-term solutions -- using reserves, transferring other funds to the general fund, refinancing debt, and shifting expenditures or revenues across fiscal years. All but New Jersey and Washington cut spending. Only New Jersey relied heavily on tax increases.
Hollis Turnham
Michigan Policy Director
Paraprofessional Healthcare Institute
5013 Applewood Dr
Lansing, MI 48917
517-327-0331 (voice and fax)
hturnham@...
www.paraprofessional.org
www.directcareclearinghouse.org
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