Sustaining the States - The Fiscal Viability of American State Governments

"Preface The United States provides a classic example of a bottom-up system of federalism. It was created in 1787 when representatives of the then 13 colonies convened to ratify a constitution under which both the central government and the states would be sovereign entities. Within certain constitutional and statutory constraints, state governments thus (1) develop and execute their budgets without review and modification by the federal government, (2) determine their own revenue structures and levels and types of expenditures, and (3) borrow and manage debt. The U.S. system stands in contrast with nearly all other top-down nation-states in which the established central government constitutionally or legislatively assigns expenditure responsibilities and revenue raising authority to subnational units of government.* State fiscal decisions have a significant impact on this nation's economy. Together, with their more than 90,000 local governments, states account for almost 12 percent of gross domestic product (GDP) and 60 percent of all government expenditures.

Dettagli sul prodotto

• Autori: Marilyn M. Willoughby Rubin, Marilyn Marks (John Jay College Rubin, Marilyn Marks Willoughby Rubin
• Con la collaborazione di: Marilyn M. Rubin (Editore), Marilyn Marks Rubin (Editore), Katherine Willoughby (Editore), Katherine G. Willoughby (Editore)
• Editore: Taylor & Francis Ltd.
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 26.08.2014
• EAN: 9781466555419
• ISBN: 978-1-4665-5541-9
• Pagine: 318
• Serie: ASPA Series in Public Administration and Public Policy; ASPA Series in Public Administration and Public Policy; Aspa Series in Public Administ
• Categorie: Scienze sociali, diritto, economia > Scienze politiche > Politica e sua amministrazione; POLITICAL SCIENCE / General, Public Administration