University of Illinois Urbana-Champaign

COMPETING GOALS OF BUDGET REFORMS

Fullerton, Don

Content Files
COMPETING GOALS.BUDGET REFORMS.FULLERTON.DON.2.18.14.pdf

Permalink

https://hdl.handle.net/2142/110154

Description

Title
COMPETING GOALS OF BUDGET REFORMS
Author(s)
Fullerton, Don
Issue Date
2014-02-18
Keyword(s)
  • economic
  • research
  • budget
  • competing
  • fiscal
  • reforms
  • policy
  • deficit
  • state
  • reform
Date of Ingest
2021-07-20T16:21:42Z
Abstract
Fixing the Illinois state budget requires more than simply balancing revenue and expenditures. Government budgeting also requires establishing the right mix of public goods and services in a way that is fair and efficient while minimizing interference in private markets. Understanding of these overarching social and economic goals is crucial for making budgeting choices. Indeed, the different goals may sometimes conflict with each other. This paper summarizes some basic principles that could support thoughtful taxing and public spending decisions. This paper groups these many goals into just eight categories. The numbered ordering does not indicate their relative importance. A single reform rarely satisfies all eight goals, and policymakers therefore face tradeoffs among these goals as they develop a budget plan.
Publisher
Institute of Government & Public Affairs
Type of Resource
text
Genre of Resource
article
Permalink
http://hdl.handle.net/2142/110154

Owning Collections

IGPA Reports PRIMARY