Council of State Governments' Capitol Ideas Magazine: A Marriage of Money
The relationship between federal and state finances is complex, not well understood and vital to almost every aspect of Americans’ lives. Federal and state tax dollars jointly support schools, roads, health care, public safety and other key programs. This partnership, however, is under pressure from the enormous fiscal challenges of the past several years and the ongoing fiscal uncertainty at the federal level. An informed conversation using real data on the state impact of federal policies could help policymakers make the tough choices required to put all levels of government on a path to fiscal stability.
Our current fiscal and economic challenges shine a spotlight on the federal-state relationship in ways that could lead to innovation and improvement. Pew seeks to provide clear analyses of the federal-state fiscal relationship to promote informed decision-making on the federal budget and tax policy that takes the impact on all levels of government into account and supports long-term fiscal stability.
Read the full article at csg.org.