Fiscal stewardship is the moral foundation of state and local public leadership.
- It is about creating and leaving to the next generation a more balanced and stronger budget to address a more challenging fiscal world.
- It is about making, rather than avoiding hard choices to enable future generations a brighter future.
The Debt Ceiling Law: What Does it Mean for State and Local Governments and Their Citizens?
In August, Congress passed and the President signed the debt ceiling legislation into law, setting a series of deadlines that will affect every state and local budget and, potentially, fundamentally alter the process for financing capital and operating needs. With more than $1 trillion in federal spending on the chopping block and possible changes in the federal tax code looming to deal with the U.S. deficit crisis, the State & Local Leadership Center hosted a forum to examine and analyze how this federal law would affect the nation’s state and local governments, their elected leaders, and the services they provide.
To view the presentation slides from the discussion, please see the Debt Ceiling Law links below.
Publications: Fiscal Stewardship
Deficits All Around: The Need for Intergovernmental Collaboration
Financial Crisis Toolkit (created with digital tabs)
Financial Crisis Toolkit (printable, created without digital tabs)