Denison, Dwight V.; Hackbart, Merl M.; Moody, Michael J. - In: Public Finance Review 37 (2009) 3, pp. 269-288
Limited economic resources create constraints that force trade-offs among desired objectives. Likewise, state-balanced budget requirements force policy makers to make budgetary trade-offs among competing state programs. Constrained state resources have also encouraged states to issue bonds to...