Gov. Rick Perry often touts Texas’ economic success, which he attributes to lower taxes and fewer regulations than cash-strapped California. But if Texas is so compelling, why did Perry go to California looking for new companies?
Today more than ever, it is critical for state and local governments to practice sound fiscal management and financial planning. Failure to understand financial outcomes undermines a jurisdiction’s economic and political viability. Yet there’s a big gap between what public leaders know about finance and what they need to know.