Fiscal stewardship is the moral foundation of state and local public leadership.
- It is about creating and leaving to the next generation a more balanced and stronger budget to address a more challenging fiscal world.
- It is about making, rather than avoiding hard choices to enable future generations a brighter future.
The Debt Ceiling Law: What Does it Mean for State and Local Governments and Their Citizens?
In August, Congress passed and the President signed the debt ceiling legislation into law, setting a series of deadlines that will affect every state and local budget and, potentially, fundamentally alter the process for financing capital and operating needs. With more than $1 trillion in federal spending on the chopping block and possible changes in the federal tax code looming to deal with the U.S. deficit crisis, the State & Local Leadership Center hosted a forum to examine and analyze how this federal law would affect the nation’s state and local governments, their elected leaders, and the services they provide.
A video excerpt of the panel discussion can be found at: The Debt Ceiling Law: State & Local Panel from George Mason on Vimeo.
To view the presentation slides from the discussion, please see the Debt Ceiling Law links below.
Publications: Fiscal Stewardship
Deficits All Around: The Need for Intergovernmental Collaboration
Financial Crisis Toolkit (created with digital tabs)
Financial Crisis Toolkit (printable, created without digital tabs)
Debt Ceiling Law Discussion – October 31, 2011
The Debt Ceiling Law Presentation 10/31/2011
Budget Control Act of 2011
