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State and local red ink: crisis or opportunity?

Author

Listed:
  • Brian A. Cromwell
  • Irene A. Wirkus

Abstract

An examination of the costs and benefits of cutbacks in federal aid to state and local governments during the 1980s, concluding that less reliance on federal funds may result in long-term benefits.

Suggested Citation

  • Brian A. Cromwell & Irene A. Wirkus, 1990. "State and local red ink: crisis or opportunity?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jul.
  • Handle: RePEc:fip:fedcec:y:1990:i:jul15
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    Keywords

    Local government; state finances;

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