Higher levels of government should provide adequate resources when mandating functions to lower levels of government.
Services should be implemented and operated by the level of government that can most appropriately and efficiently deliver them.
When economic conditions permit, states should accumulate budget reserves adequate to maintain services during recessions.
DeficitThe amount by which annual expenditures exceed annual revenues.
Tax and spending decisions should be the purview of the legislative branch.
Governments should avoid enacting laws that are inconsistent with U.S. Supreme Court precedent on takings.
State and local governments should expand and strengthen consumer protections, as well as consumer outreach and education programs.
Policymakers and financial institutions should protect consumers with diminished capacity and others who are at risk of financial exploitation.
Regulators should provide effective oversight of the financial industry and enhance consumer protection.
Laws and regulations should strengthen and enhance consumer protection.