Number	18225
Subject	State Government
Source	Governing
State	DC
Year	1997
Publication Date	February
Summary	Governing reports on "budget gimmickry" used by state governments to balance their budgets or to increase their expenditures. The story finds that the tricks do not end when the recession ends, but just take a different character. The report looks at why state revenues overall have exceeded projections in the middle of the 90s, and examines some states' practices of "lowballing," or consistently underestimating revenues.
Category	General
Pages	3
Keywords	economy;politics;recession;revenues;economic forecasts;Virginia;South Carolina;North Carolina;Kentucky;Montana;Maryland;Tennessee;Fitch Investors Service;finance;financial control;local government;budget deficits;state funds;taxes;legislature
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