3 ms·

States borrow but almost all must balance the budget. When they borrow it should be a project, not to cover a shortfall. This is not a federal requirement but

States borrow but almost all must balance the budget. When they borrow it should be a project, not to cover a shortfall. This is not a federal requirement but a restriction the states put on themselves. https://www.ncsl.org/research/fiscal-policy/state-balanced-budget-requirements.aspx https://www.ncsl.org/research/fiscal-policy/state-balanced-b...

pmiller2 6y ago
How many of those states have emergency powers provisions that would allow them to override that restriction?
- projektfu 6y ago
  I don’t have any special insight beyond what’s in the article. This is likely why state governments have been talking about federal aid.