State budget deficits: find out where your state stands
Monday, December 23, 2002
The budget deficits at the state level will be getting worse next year. The deficits represent between 13 percent and 18 percent of all state expenditures. State support for economic development will be under the gun.
Most states have balanced budget requirements. Given the magnitude of the deficits, states are highly likely to cut basic services, such as health care and education. New taxes will also be on the table. Expect cuts in the budgets for elementary and secondary education and child care, as well as more tuition increases at state colleges and universities.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
State budget deficits: find out where your state stands
