How States Can Better Manage Their Fiscal Futures

Projecting spending beyond the next budget cycle has a lot of advantages for states that make the effort.

For those states with more robust and detailed planning mechanisms, even a fifth-year-out projection that ends up being 10 percent off would still provide a better understanding of what future spending and revenues would look like based on current policies and plans.

Patrick Mallory

Full Story: http://www.governing.com/gov-institute/voices/col-state-budget-fiscal-planning-projecting-spending.html