Sujit CanagaRetna, fiscal policy manager at the Council of State Governments? Southern Office, the Southern Legislative Conference
The impact of global economic conditions on state finances will be a mixed bag, predicts Sujit CanagaRetna.
Yes, national and international economic conditions will affect state finances in 2016, says CanagaRetna. “While revenues have rebounded from the depths of the Great Recession in many states, there are some states that are staring at sizable budget deficits in 2016.” He adds that economic triggers both inside and outside the U.S. precipitated this scenario.
The impact of global economic conditions on state finances will be a mixed bag, predicts Sujit CanagaRetna.
Yes, national and international economic conditions will affect state finances in 2016, says CanagaRetna. “While revenues have rebounded from the depths of the Great Recession in many states, there are some states that are staring at sizable budget deficits in 2016.” He adds that economic triggers both inside and outside the U.S. precipitated this scenario.
