One indicator of smart fiscal practices is maintaining balance between spending and revenues. Occasionally deficits may be necessary.
At the federal level, there are two categories of budgetary expenditures: entitlement and discretionary spending.
Under the U.S. Constitution, people are entitled to compensation when a government takes their property. This is known as a taking.
Policymakers can take action to stimulate the economy.
Two government budget practices that can have significant implications for lower levels of government are block grants and unfunded mandates.
Federal and state governments have tried to change budget rules to control government spending. Budget rules have also been used to impose fiscal discipline.
Housing is central to community and individual well-being. The type and location of a home can affect almost every aspect of a person’s life.
Housing costs determine whether individuals and families can live in a neighborhood without sacrificing other basic necessities, such as food and health care.
A range of programs exists to address the lack of affordable housing. These programs are not nearly enough to meet the demand from those who are housing cost-burdened.
Communities with a variety of housing options are most likely to be able to offer housing to people in a wide range of income levels.