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

20 N.Y.U. J. Legis. & Pub. Pol'y 339 (2017)
Closing the Black Fiscal Hole: Alternatives to the "Spend It or Lose It" Policy for Agency Discretionary Spending

handle is hein.journals/nyulpp20 and id is 345 raw text is: CLOSING THE BLACK FISCAL HOLE: ALTERNATIVES TO THE SPEND IT OR LOSE IT POLICY FOR AGENCY DISCRETIONARY SPENDING Leonard Yoo* INTRODUCTION ............................................. 340 I. BACKGROUND AND HISTORY OF THE SPEND IT OR LOSE IT POLICY ................................ 342 H1. EXAMINING THE DETRIMENTS OF THE SPEND IT OR LOSE IT POLICY ................................ 345 A. Economic Analyses of Agency-Spending Data Suggest that the Year-End Spending Surge Exists. 346 B. The Incremental Budgeting Policy Contributes to the Year-End Spending Surge ................... 351 C. Principal-Agent Theory, Information Hiding, and Theoretical Solutions ......................... 352 D. Illustration with a Theoretical Example ........... 356 ff1. ALTERNATIVES TO THE SPEND IT OR LOSE IT POLICY ... .......................................... 357 A. The DOJ's Rollover of Unobligated Funds to the Subsequent Year ............................. 358 B. Carryover Incentive Plan: Credits for Onetime or Emergency Use .............................. 360 C. The Oklahoma Plan: Legislation Can Discontinue the 16.5-Month Rollover, Which Is Limited to Non-Recurring Purchases ...................... 362 D. Washington State's SIP: Indefinite Taxed Rollover that Funds Education and is Limited to Customer Service .................................... 362 IV. ALTERNATIVE APPROACH THAT COULD MITIGATE THE DETRIMENTAL EFFECTS OF THE SPEND IT OR LOSE IT POLICY ............................................. 364 * Juris Doctor Candidate, NYU School of Law. I am grateful to Professor Lewis A. Kornhauser for his thoughtful comments, and the staff of the Journal of Legislation and Public Policy for their tireless work and input. 339 Imaged with Permission of N.Y.U. Journal of Legislation and Public Policy

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.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most