TITLE

To free itself from boom-bust cycles, state needs spending limits

AUTHOR(S)
Gibbons, Patrick R.
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/10/2008, Vol. 25 Issue 45, p27
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author comments on the proposal of Assembly Speaker Barbara Buckley (D-Nevada) to restructure the tax code of the state to protect it from larger boom and bust cycles of government revenues. The author argues that Buckley's plan solves the "bust" part of Nevada's revenue problem but failed to address the "boom" part of the problem. The author claims simply raising taxes will not solve the problems that could emerge from the boom and bust cycles. The author emphasizes the role of government spending limits in solving the problem.
ACCESSION #
35249037

 

Related Articles

  • Councils fight for lost revenue based on 'flawed' ONS figures. McHugh, Joseph // Public Finance;1/27/2006, p8 

    The article reports on the refusal of the Office of the Deputy Prime Minister (ODPM) to compensate councils for the lost grant revenue based on flawed Office for National Statistics figures in Great Britain. ODPM spokesman stated that they are forced to confess the inaccuracies in the population...

  • Revenue Outlook Improves. Watts, Jim // Bond Buyer;8/8/2006, Vol. 358 Issue 32440, p33 

    The article reports that the state revenue collections of New Mexico was higher than anticipated in fiscal 2006. The state closed the budget year with $697 million in reserves or 14.8% of spending. For fiscal 2007, it expects to collect about $320 million more than what has been project when the...

  • The 2002 Downturn in State Revenues: A Comparative Review and Analysis. Giertz, J. Fred; Giertz, Seth H. // National Tax Journal;Mar2004, Vol. 57 Issue 1, p111 

    We analyze the behavior of state revenues since the early 1950s to determine the severity of the revenue declines experienced by states after the 2001 recession. Both total state revenues for the nation and state-level data for each state are studied. We conclude that the states were indeed hit...

  • Interregional transfers and the smoothing of provincial expenditure in China TOCHKOV, Kiril // China Economic Review (1043951X);Mar2007, Vol. 18 Issue 1, p54 

    Abstract: Interregional transfers can smooth shocks to regional revenue and prevent spending from varying across time. This paper estimates the amounts of expenditure smoothing provided by interregional net transfers to China''s provinces over the 1952–2001 period. The findings indicate...

  • Growing Revenue. Shields, Yvette // Bond Buyer;7/13/2005, Vol. 353 Issue 32173, p35 

    Reports on the growth of the revenue of the state of Illinois for the fiscal 2005.

  • Budget Receipts by Source, Fiscal Year to Date, 2003-2004.  // Treasury Bulletin;Jun2004, p13 

    Presents a graph about the budget receipts of the U.S. federal government for fiscal 2003 and 2004. Decrease in individual income tax budget receipt in 2004; Increase in corporate income tax budget receipts in 2004.

  • On-Budget and Off-Budget Receipts by Source.  // Treasury Bulletin;Jun2004, p15 

    Presents a table about the U.S. federal government's on-budget and off-budget receipts by source for the first-quarter of fiscal 2004. Social insurance and retirement budget receipts; Individual and corporation income tax budget receipts; Old-age, disability and hospital insurance budget receipts.

  • Minnesota Faces Record $5.2B Gap. Shields, Yvette // Bond Buyer;12/5/2008, Vol. 366 Issue 33017, p4 

    The article reports on the $5.2 billion deficit being faced by Minnesota in its current budget and through the next two-year spending cycle. The budget gap prompted lawmakers to propose leasing the state's lottery and main airport to raise revenue. Collections from income, sales, corporate, and...

  • In the money.  // American City & County;May2006, Vol. 121 Issue 5, p26 

    The article provides statistical information regarding state spending and revenues in the U.S., according to the National Conference of State Legislatures, as of May 2006. It identifies the number of states that expect to end fiscal year 2006 with a surplus. The total projected state surplus for...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics