What Matters Podcast: Budgetary Risks
How can states limit the amount of budgetary risks they build up? How can public and private sector work together to increase innovation and decrease budgetary stresses and risks? What role should the federal government play in setting standards to promote state budgetary best practices, encourage innovation, and increase coordination between states?
States have a problem with chronic underfunding of resources. For example, they often build pension programs and infrastructure without figuring out first how to adequately upkeep them. In this podcast episode, William Glasgall, senior vice president and director of state and local initiatives, and Dennis Lockhart, distinguished professor-of-the-practice at Georgia Tech, discuss constraints on state budgets and offer recommendations for ways to ease budgetary stresses.
Listen to this podcast, hosted by Charles Davidson at the Federal Reserve Bank of Atlanta, to learn more.