Budgeting for the Future

Earlier this year, the Center on Budget and Policy Priorities, named “Think Tank of the Year” in 2011 by Washington Post’s Ezra Klein, produced a review of state budget practices titled “Budgeting for the Future.”  They list 10 tools states can use to stabilize budgets and take a longer term approach to budgeting and planning.  From the executive summary: The state budget is the single most important document that a state government produces each year, and it receives close public scrutiny.  It serves as both a financial plan and a…