What’s The Best Way For States To Overcome A Budget Shortfall?

| May 14, 2015 

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With Alabama facing a budget shortfall of more than $250 million, legislators have a few ideas on how to fill the gap: a lottery, gambling, raising taxes. But what works best? Alabama’s not the first state with budget problems. How have other states fixed their budgets?

For an expert perspective, WBHM talked with Mike Leachman, Director of State Fiscal Research at The Center on Budget and Policy Priorities. They’re a non-partisan research and policy institute which works on fiscal policy at the federal and state level. Leachman tells WBHM’s Rachel Osier Lindley some proven strategies for long term revenue growth, and about issues other states face with gambling.

 

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