Brief The Budget Cycle and Line-Item Veto
How and When States Make Their Budgets
Kim S. Rueben, Megan Randall
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Although most states produce a budget annually, 20 states produce a budget every other year for the upcoming two fiscal years, or biennially. This fact sheet describes the budget process and reviews the evidence on how annual and biennial budgeting, as well as the line item veto, affect fiscal outcomes.

Research Areas Economic mobility and inequality Taxes and budgets State and local finance
Tags Fiscal policy State and local tax issues
Policy Centers Urban-Brookings Tax Policy Center