Abstract
This chapter examines the determinants of local fund balances and the effects of the fund balances on stabilizing local spending and maintaining the continued provision of public services across business cycles. The empirical results show that fund balances appear to have played a countercyclical role in North Carolina counties during the Great Recession, but not during previous recessions. Over the years, these local governments may have improved their fiscal capacity in using fund balances for dealing with economic downturns.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
