States' Responses to the Budget Shortfalls of 2001-2004

Laura Kalambokidis and Andrew Reschovsky

Challenge, 2005, vol. 48, issue 1, pages 76-93

Abstract: A mild recession took a far harder toll on state budgets than had been expected. States have even cut back, by some measures, on spending for primary and secondary education. The authors think budgetary restrictions are likely to continue as sources of tax revenues become more constrained.

Date: 2005

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