INFLUENCES SHAPING EXPENDITURE FOR OPERATION OF STATE AND LOCAL GOVERNMENTS: RELATION OF POPULATION TO EXPENDITURE VARIATION

pected levels since public pay rolls continue their upward climb to offset the higher cost of living; and capital outlay and maintenance, deferred ' during the war, will be resumed on a necessary scale. Once more state and local budgets must be subject to a hard, realistic scrutiny to determine whether taxes are high or low, expenditure is extravagant or efficient, and borrowing is for carefully planned improvements or for the pious or impious hopes of real estate speculators.