The Volcker Alliance has released its latest Truth and Integrity in State Budgeting report.
The new report, subtitled The Balancing Act, analyzes and rates state budgeting practices in five key areas between FY17–19. Georgia, for example, received A grades for its legacy cost contributions and for avoiding budget maneuvers, B grades for reserve funds practices and budget transparency, and a C grade for budget forecasting.
The report lays the groundwork for governors, legislators, civic organizations and citizens concerned about fiscal stewardship to pursue meaningful improvements in the quality and transparency of state budgets. This edition also features an updated interactive data lab with detailed information about each state’s budgetary practices.
The Center for State and Local Finance (CSLF) has partnered with the Volcker Alliance since the inception of the Truth and Integrity in State Finance initiative in 2016. CSLF has begun research for the following report, led by research associate Alex Hathaway, who will oversee a team looking at the state finances of Colorado, Georgia, Maryland, Minnesota, Nebraska, New Mexico, North Carolina, South Carolina, Virginia and Wisconsin.