Guest post from John M. Kamensky, a senior fellow at The IBM Center for the Business of Government in Washington, DC.
It is becoming clear that fiscal austerity will likely be a long-term condition facing US states and localities . As a result, the traditional approaches to dealing with budget cuts – such as across-the-board salami-slicing – are increasingly seen as damaging and ineffective.
Instead of focusing on where to cut, public leaders and budget officers are now focusing on what to fund. This requires a... [Continue Reading]