Accession Number:

ADA399752

Title:

States' Use of Surplus Funds

Descriptive Note:

CBO memorandum rept.

Corporate Author:

CONGRESSIONAL BUDGET OFFICE (U S CONGRESS) WASHINGTON DC

Personal Author(s):

• Lex, Leo

Report Date:

1998-11-01

Pagination or Media Count:

24.0

Abstract:

Nearly all of the states, as well as the federal government, are enjoying the benefits of a prosperous economy. With revenues exceeding estimates in most states, general fund and reserve balances have grown to their highest levels in over 20 years. Those excess funds present states with the choice of reducing taxes, increasing program spending, reducing debt, or banking the unexpected resources for later use. Meanwhile, the federal government has realized a surplus for the first time in decades.

Descriptors:

• *BUDGETS
• *STATE GOVERNMENT
• UNITED STATES GOVERNMENT
• BANKING
• FINANCIAL MANAGEMENT
• REDUCTION
• TAXES

Subject Categories:

• Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE