About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

GGD-77-70 1 (1978-02-22)

handle is hein.gao/gaobaawsy0001 and id is 1 raw text is: DOCURET 315083 05130 - ( 05450160 J Ispct of antireceseion Assistance on 21 City Governments. GGD-77-70; B-146285. February 22, 1978. 26 pp. t 3 appendices (26 pp.). ileport by Eluer B. -Ater Comptroller General. Issue Area: IAterqovarno I Policies and Fiscal Relat.ons: Financial Assistance gri, -tNi. contact. General Government Div. Budqgt Function: Revenue Sharing and General Purpose Fiscal Issistance: Other Geneoal Purpose Fiscal Assistance (852). Organization Concerned% Department ot the treasury. Congressional Relevance: Congress; alicse Ccasittee on Government Operations; Senate Committee on Finance. Autbority: Public eorks Raployment Act of 1976. title II (P.L. 94-369). P.L. 95-30. Title I of the Public orks Esplcyuent Act cf 1976 established a prnqxm to provide State and local governments with antirec3asion assistance payments in order to help statilize the economy. Emergency financial assistance was t be providwa to governments substantiall, affected ty recessions in order -t^ reiduce actions by the goverisents shich could counteract Fqderal efforts to stimulaite the economy. Find .ngs/Conclusions: Almost all of -the 21 cities visited took one or more; counterproductive actions, such as employee layoffs. tax increases, or reductions in services. It was difficult to determine the effects of antirecession payments on city budgets because of the interchang able nature of noneys, shifting priorities, changing revenue amounts from varicus sources, aad the relatively small contribution the payments made to cities' resources. Homever, some effects noted were: in six cities, antirecession funds helped balance the budget; in tvc cities. the funds were used to maintain oz augment surpluses; in eight cities, they were used to increase authorized exLenditures; in four citiest the funds were included in the fiscal year 1977 budget; and one city had no plans for the funds at the time of the review. The funds reportedly had a favorable impact oG many cities' employment. Tha 21 cities appropriated uearly all of their first payments within 6 months, as requiLed by the act. Problems caused by inflation and certain chronic factors seemed to have greater effects on the cities' revenues tLwln the recession. Because of the difficulties in using excess unemployment* as a measure of a recess ion's iApact, the Secretary of the Treasury was directed to investigate other data for allocating payments. (HTE)

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most