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Budgeting By Priorities: Balancing Stability With Economic Responsiveness, Meagan M. Jordan, Juita-Elena (Wie) Yusuf, Somayeh Hooshmand
Budgeting By Priorities: Balancing Stability With Economic Responsiveness, Meagan M. Jordan, Juita-Elena (Wie) Yusuf, Somayeh Hooshmand
School of Public Service Faculty Publications
This article investigates how the budget priorities of Arkansas state government departments vary with changes in economic conditions. The Arkansas Revenue Stabilization Act (ARSA) of 1945 established a formalized method of state budgeting by priorities. State funds are allocated, meaning the funds are legally made available, according to priority levels established each year by the Governor and the General Assembly. Those allocated funds are later distributed, meaning released for spending, according to priority levels as funds become available. In this study, we ask the research question: Are departmental budget priorities driven by stability or are they responsive to economic condition? …