In fiscal year 1981-82, state and local government spending actually
exceeded federal nondefense spending. However, past research in public
finance has focused on federal spending and policies and paid little
attention to the economic problems of state and local governments.
Studies in State and Local Public Finance goes far in correcting this
omission. Developed from a National Bureau of Economic Research
conference on state and local financing, the volume includes papers
summarizing and extending recent research as well as commentaries.
Covering a wide range of topics, the papers share an empirical
orientation and a concern with policy issues. The first two papers
look at the role of tax-exempt bonds in local public finance. Their
findings suggest that tax policies significantly affect municipal
borrowing practices and that financial advantage can be achieved under
certain of these practices. Other papers address specific issues
related to state and local tax policy: the impact of local taxes on
location decisions; efficient road-use charges for trucks; and the
relation of income and general sales tax systems over time. Examining
issues related to United States federalism, the last paper focuses on
the impact of federal grant aid to states. The research and findings
these papers report make an important contribution to the study of
local public finance and should be of particular interest to
policymakers and those involved in private and public financing at the
local, state, or federal level.
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Produktdetaljer
ISBN
9780226726250
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter