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GGD-77-69 1 (1978-02-22)

handle is hein.gao/gaobaawsz0001 and id is 1 raw text is: DOCUM~ENT RESUMHE 05131 - [B05454701 Impact of Antirecession Assistance on 15 State Governments. GGD-77-69; B-146285. February 22, 1978. 23 pp. t 3 appendices (24 P.). Report to the Congress; by Elmer B. Staats, Comptrcller General. Issue Area: Intergovernmental Relaticns and Revenue Sharing: Lonq-range Improvements in Assistance 1403). Contact. General Government Div. Budget Function: Revenue Sharing and General Purpose Fiscal Assistance: Other General Purpose Fiscal Assientance 4852). Organization Concerned: Department of the Treasury. Congressional Relevance: Senate Committee on Finance. Authority: Public Works Emiloyment Act of 1976 (P.L. 94-369,. P.L. 95-30. Title II of the Public Works Employment Act of 1976 estiblished a program to provide State and local goTernments with antirecession assistance paymeDts. The prcgram sought to reduce the need for these governm-nts to take budgetary actions which would counteract Federal efforts to stimulate economic recovery, such as employee layoffs, tax increases, and reductions in services. Findings/Conclusions: Twelve of the 15 States visited took one or more of these counterprcductive actions. Although the effects of antirecession payments could not be conclusively assessed, the following effects were ncted: in five States, antirecession funds were used to help balance the budget; in four States, the funds were used to maintain or augment surpluses; in four States, the funds were used to increase the authorized expenditure levels; and in twc States, the funds were used to increase the authorized le-za of expenditures, and reiainig funds were retained in surplus. Antizecession fuLds reportedly had a favorable effect on employment in 1 ,tates. The 13 States receiving payments in November 1976 appropriated essentially all of their first payme its within 6 months, as required ty the act, and had disbursed over 70%. Most of the States made budgetary adjustments during the recession,, but these adjustments were not always attributed to the recession. Increases in expenditures were usually attributed to inflation. Excess unemploybent was not considered a reliable indicatcr cf a recession's effect, ind the Secretary of the Treasury was directed to investigate other data for allocating payments. (HTW)

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