State and local governments are at a financial crossroads. As the federal government attempts to reduce its deficits, state governments will have to provide a greater share of support for mandatory social programs. Local governments face demands for new initiatives in education and for civic improvements. Both have obligations to employee pension plans that are large and still relatively untested. Running counter to these claims on state and local budgets is a voter effort to limit the amounts that governments may tax or spend.This fourth edition of James A. Maxwell's classic and widely acclaimed book will help both layman and lawmaker understand the choices open to their governments. It provides a lucid, nontechnical analysis of state and local finance. It gives concise descriptions of the taxes, grants, debt issues, and user charges that finance state and local government and discusses their relative virtues and drawbacks. It traces the history of state and local finance and presents statistical data on expenditures, federal aid, revenue from taxes and user charges, debt, and pension funds. The new edition, in recognition of changes since the mid-1970s, also includes a separate chapter on financing education and broadened analyses of federal grant programs, employee retirement systems, and nonguaranteed municipal debt.

In 1995, the budget standoff between Democrats and Republicans forced the federal government to shut down. Two years later, the parties joined forces to pass the first balanced budget in a generation. In The Challenge of Legislation, John Hilley, the Clinton administration's chief liaison to the Republican-controlled Congress, tells the inside story of this dramatic turnaround. Hilley weaves together a detailed narrative and vivid portraits of the key players—including then-Speaker Newt Gingrich, Senate Republican leader Trent Lott, and President Bill Clinton—in this comprehensive account of the Balanced Budget Act of 1997. Equally at home with the complexities of the legislative process and the realities of political combat, he offers unique insight into the highly charged relationship between party leaders and their rank-and-file, the interplay between elected officials and their professional staff, the delicate art of partisan negotiations, and the role of uncertainty and surprise. The result is a compelling look at how public policy is made, rich in enduring lessons for both policymakers and students of legislative politics. Ten years ago, bipartisanship triumphed against daunting odds. The Challenge of Legislation shows how it happened and what it will take for bipartisanship to succeed again.

In 1995, the budget standoff between Democrats and Republicans forced the federal government to shut down. Two years later, the parties joined forces to pass the first balanced budget in a generation. In The Challenge of Legislation, John Hilley, the Clinton administration's chief liaison to the Republican-controlled Congress, tells the inside story of this dramatic turnaround. Hilley weaves together a detailed narrative and vivid portraits of the key players—including then-Speaker Newt Gingrich, Senate Republican leader Trent Lott, and President Bill Clinton—in this comprehensive account of the Balanced Budget Act of 1997. Equally at home with the complexities of the legislative process and the realities of political combat, he offers unique insight into the highly charged relationship between party leaders and their rank-and-file, the interplay between elected officials and their professional staff, the delicate art of partisan negotiations, and the role of uncertainty and surprise. The result is a compelling look at how public policy is made, rich in enduring lessons for both policymakers and students of legislative politics. Ten years ago, bipartisanship triumphed against daunting odds. The Challenge of Legislation shows how it happened and what it will take for bipartisanship to succeed again.

State and local governments are at a financial crossroads. As the federal government attempts to reduce its deficits, state governments will have to provide a greater share of support for mandatory social programs. Local governments face demands for new initiatives in education and for civic improvements. Both have obligations to employee pension plans that are large and still relatively untested. Running counter to these claims on state and local budgets is a voter effort to limit the amounts that governments may tax or spend.This fourth edition of James A. Maxwell's classic and widely acclaimed book will help both layman and lawmaker understand the choices open to their governments. It provides a lucid, nontechnical analysis of state and local finance. It gives concise descriptions of the taxes, grants, debt issues, and user charges that finance state and local government and discusses their relative virtues and drawbacks. It traces the history of state and local finance and presents statistical data on expenditures, federal aid, revenue from taxes and user charges, debt, and pension funds. The new edition, in recognition of changes since the mid-1970s, also includes a separate chapter on financing education and broadened analyses of federal grant programs, employee retirement systems, and nonguaranteed municipal debt.

In 1995, the budget standoff between Democrats and Republicans forced the federal government to shut down. Two years later, the parties joined forces to pass the first balanced budget in a generation. In The Challenge of Legislation, John Hilley, the Clinton administration's chief liaison to the Republican-controlled Congress, tells the inside story of this dramatic turnaround. Hilley weaves together a detailed narrative and vivid portraits of the key players—including then-Speaker Newt Gingrich, Senate Republican leader Trent Lott, and President Bill Clinton—in this comprehensive account of the Balanced Budget Act of 1997. Equally at home with the complexities of the legislative process and the realities of political combat, he offers unique insight into the highly charged relationship between party leaders and their rank-and-file, the interplay between elected officials and their professional staff, the delicate art of partisan negotiations, and the role of uncertainty and surprise. The result is a compelling look at how public policy is made, rich in enduring lessons for both policymakers and students of legislative politics. Ten years ago, bipartisanship triumphed against daunting odds. The Challenge of Legislation shows how it happened and what it will take for bipartisanship to succeed again.

In 1995, the budget standoff between Democrats and Republicans forced the federal government to shut down. Two years later, the parties joined forces to pass the first balanced budget in a generation. In The Challenge of Legislation, John Hilley, the Clinton administration's chief liaison to the Republican-controlled Congress, tells the inside story of this dramatic turnaround. Hilley weaves together a detailed narrative and vivid portraits of the key players—including then-Speaker Newt Gingrich, Senate Republican leader Trent Lott, and President Bill Clinton—in this comprehensive account of the Balanced Budget Act of 1997. Equally at home with the complexities of the legislative process and the realities of political combat, he offers unique insight into the highly charged relationship between party leaders and their rank-and-file, the interplay between elected officials and their professional staff, the delicate art of partisan negotiations, and the role of uncertainty and surprise. The result is a compelling look at how public policy is made, rich in enduring lessons for both policymakers and students of legislative politics. Ten years ago, bipartisanship triumphed against daunting odds. The Challenge of Legislation shows how it happened and what it will take for bipartisanship to succeed again.