Budget Enforcement Mechanisms

Abstract

In the state of Illinois, fiscal conditions are so bad that solutions require a "grand plan" with multiple revenue increases, multiple spending cuts, and multiple years of adjustment. The problem is that a credible plan requires a mechanism for holding to the plan other interests and elected officials in future years. This leads us to examine the literature on the effectiveness of various types of budget enforcement mechanisms.

Keywords: budget, enforcement, index, spending, political, mechanisms, research