Debt, debt, debt… It seems debt is all the rage in Washington these days, and with good reason. The federal government only stays open on debt, and unless Congress and the President can agree soon, we’ll hit that limit and…well, who knows what will happen next. Originally, negotiators were looking at a deal to cut deficits […]
Utah legislature watch: “So what is this structural imbalance?”
February 1, 2011 by
So what is this structural imbalance? : Vox Populi. Structural balance refers to the matching of ongoing expenditures with ongoing revenues. If revenues equal or exceed expenditures, structural balance is achieved. If expenditures exceed revenues, structural imbalance occurs. Before the Great Recession, Utah achieved structural balance. The fiscal 2006 surpluses were $241 million. For fiscal […]
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