Grant Year: 2019
William Glasgall will lead an effort to encourage state governments to adopt fiscal practices conducive to economic growth. Working with scholars at eight universities across the country, the research team will review the budgets of all fifty states for each of the next two years. They will examine how states forecast revenues; employ budget maneuvers, such as asset sales, to balance their books; report on and manage legacy costs, including public employee pension funding; maintain rainy day funds; and make budgetary information accessible to the public. The project’s findings will appear in an annual survey of state fiscal practices, fifty individual state report cards, and a series of single-issue reports about budgeting practices.
The Volcker Alliance Domestic Public Policy