State Gets Low Rank on Budget Planning
Charleston Daily Mail – While state policymakers pride themselves on balancing budgets and having built a sizable Rainy Day Fund, a new national report has found the state isn’t doing a very good job at long-term budget planning. Read
West Virginia ranked 37th in a study of states’ long-term fiscal planning measures released Tuesday by the Center on Budget and Policy Priorities, a Washington think tank.
The organization evaluated states on 10 different measures.
Researchers looked at whether a state uses a multi-year roadmap to plan future spending, if its revenue and spending estimates are independent and credible, and whether it had the proper tools in place to stay on course.