Budget Enforcement Mechanisms
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November 30, 2016
#David Merriman ,
#Fiscal and Economic Policy ,
#Illinois State Budget ,
#Illinois State Economy ,
#Legacy Report
Remedies usually require a combination of revenue increases and restraint on spending. Because elected officials who give constituents bad fiscal news are sometimes politically disadvantaged, it may be difficult to summon the political will to achieve required fiscal arrangements in the absence of an agreement ahead of time to certain budgetary rules.