2008 FISCAL NOTEBOOK TABLE OF CONTENTS
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Warning: due to the size of section files allow sufficient time for Adobe to download the file.Section 1 : State Finances
Section 2 : Revenues
Section 3 : Expenditures
Section 4 : Debt History
Section 5 : State Budget History
Section 6 : Fiscal Practices
Section 7 : State Taxes
All inflation adjusted figures throughout the Fiscal Notebook were computed using an implicit price deflator for total state and local government expenditures. The representative market basket measures state and local government wages, durable and non-durable goods purchases, other services, and fixed capital consumption. This government index is a better reflection of the State's responsiveness to relative price changes than other traditional measures, such as the CPI, PCE, or PPI. Government expenditures are proportionately different than those identified in other market baskets and should be treated separately.
*This index appears to be driven, in part, by an acceleration in expenditures for non-durable goods due to increases in the prices of petroleum products.