Skip to main content

State and Local Red Ink: Crisis or Opportunity?


Have the Reagan-era cutbacks in federal aid to state and local governments resulted in decreased economic efficiency and social equity, or have they had just the opposite effect, as some economic analysts would argue?

Have the Reagan-era cutbacks in federal aid to state and local governments resulted in decreased economic efficiency and social equity, or have they had just the opposite effect, as some economic analysts would argue?


Suggested citation: Cromwell, Brian A, and Irene A. Wirkus, 1990. "State and Local Red Ink: Crisis or Opportunity?" Federal Reserve Bank of Cleveland, Economic Commentary, 07.15.1990.

Upcoming EventsSEE ALL