Debt and Deception: How States Avoid Making Hard Fiscal Decisions
成果类型：
Article
署名作者：
Bifulco, Robert; Bunch, Beverly; Duncombe, William; Robbins, Mark; Simonsen, William
署名单位：
Syracuse University; University of Illinois System; University of Illinois Springfield; University of Illinois System; University of Illinois Springfield; University of Connecticut
刊物名称：
PUBLIC ADMINISTRATION REVIEW
ISSN/ISSBN：
0033-3352
DOI：
10.1111/j.1540-6210.2012.02533.x
发表日期：
2012
页码：
659-667
关键词：
摘要：
Government borrowing occurs whenever the government forgoes control over some future flow of resources or benefits in order to acquire resources for current use. Based on this definition, the authors identify several ways that state governments borrow, which include widely recognized forms of debt as well as types of actions that are less transparent. Case studies for Connecticut, Illinois, and New York document the large amounts of future commitments that these states have taken on to cover operating deficits over the last decade. The authors conclude by evaluating the usefulness of current financial statements for assessing the amount of borrowing that states have done to support current services and suggest areas for which additional information is needed.