Leonard Gilroy & Jonathan Williams
Texas Insider Report: AUSTIN Texas Today states face structural deficits created by overspending. Most of the legislative fixes over the past few years for state budget gaps have merely postponed or obscured the problems rather than addressing them directly.
The State Budget Reform Toolkit offers a practical set of budget and procurement best practices to guide state policymakers as they work to solve the current budget shortfalls assisting legislators in prioritizing and more efficiently delivering core government services through advancing Jeffersonian principles of free markets limited government federalism and individual liberty.
Topics covered in the State Budget Reform Toolkit include:
- Priority-Based Budgeting/Budgeting for Outcomes
- State Pension Reform
- Privatization and Competitive Contracting
- State Tax and Spending Limitations
- Balanced Budget Requirements
- Non-Partisan Revenue Forecasts and Independent Budget Certification
- Performance Assessment and Management
- Performance Audits
- Independent Recovery Audits
- Budget Transparency
- Budget Timeouts
- The Item-Reduction Veto
- Sunset Review Processes for State Agencies Boards and Commissions
- State Privatization and Efficiency Councils
- Statewide Real Property Inventories
- State Hiring Freezes
- Restructuring State Retiree Health Care Plans
- Activity-Based Costing
- Employee Incentive/Gainsharing Programs and more.
The State Budget Reform Toolkit is a joint project of the:
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Reason Foundation
