Assignment:
1) State's constitutions provide guidance regarding fiscal policy, and provide the operating parameters under which a budget is developed. Describe the stages of the budget process in New York State, including relevant time period for specific activities. Include a discussion of the players (Executive/Legislature and their role in the process.
2) As we discussed, demographics & migration are significant elements of State and Local finance. These impacts can be realized in both the short and term. Please describe how migration trends can impact a state or local long budget. our answer should include a discussion of the relevance of the Tiebout hypothesis.