ABSTRACT

State and Local Government Debt: An Analysis [January 23, 2012]   [open pdf - 686KB]

From the Summary: "This report first provides a broad overview of state and local government finances and how these governments incorporate borrowing into their budgets. The second section reports data on state and local government debt and how that debt has changed over time. This section includes a comparative analysis of these debt parameters for each state. The third section discusses different economic perspectives on the use of debt by governments and if governments are intrinsically biased toward borrowing more than is considered economically optimal. The discussion provides background for Congress as it deliberates potential changes in the oversight of the primary and secondary markets for state and local government debt. Issues related to state and local government finances, such as government pensions and health benefits, are also addressed. This report will be updated as legislative events warrant."

Report Number:
CRS Report for Congress, R41735
Author:
Publisher:
Date:
2012-01-23
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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