As state and local expenditures are equivalent to more than one-fifth of the United States GDP, this report–Truth and Integrity in State Budgeting: What Is the Reality–arrives at an important time. In examining and grading the budgeting and transparency practices of all 50 U.S. states, the new report also highlights states with the most effective procedures and those that fall short, while outlining best practices in each assessment category. ISLG is one of several partners that worked with the Volcker Alliance to put together this report.
This multi-year study assesses the quality of states’ budgeting practices, including public worker retirement funding and disclosure of budgetary and other critical fiscal data. This work lays the groundwork for governors, legislators, civic organizations, and citizens concerned about fiscal stewardship to effect meaningful improvements in the quality and transparency of state budgets in a time of fiscal stress for many governments.
Working with students at the City University of New York’s John Jay College of Criminal Justice, ISLG analyzed the budgeting practices of 10 states: Indiana, Maine, Massachusetts, Michigan, Minnesota, Montana, New Jersey, New Hampshire, Rhode Island, and Wisconsin.
Read the full text of the report