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Federal Reserve Bank of Cleveland
Economic Commentary
State and local red ink: crisis or opportunity?
Brian A. Cromwell
Irene A. Wirkus
Abstract

An examination of the costs and benefits of cutbacks in federal aid to state and local governments during the 1980s, concluding that less reliance on federal funds may result in long-term benefits.


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Brian A. Cromwell & Irene A. Wirkus, "State and local red ink: crisis or opportunity?" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Jul, 1990.
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Keywords: State finance ; Local government
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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