Studies in state and local public finance [[electronic resource] /] / edited by Harvey S. Rosen

• Record Nr.: UNINA9910450778503321
• Pubbl/distr/stampa: Chicago, : University of Chicago Press, c1986
• ISBN: 1-281-22396-4; 9786611223960; 0-226-72625-8
• Descrizione fisica: 1 online resource (250 p.)
• Collana: National Bureau of Economic Research project report
• Altri autori (Persone): RosenHarvey S
• Disciplina: 336.73
• Soggetti: Finance, Public - United States - States; Finance, Public - United States; Local finance - United States; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographies and indexes.
• Nota di contenuto: Front matter -- Contents -- Acknowledgments -- 1. Introduction -- 2. Explaining the Yield Spread between Taxable and Tax-exempt Bonds : The Role of Expected Tax Policy -- 3. An Empirical Examination of Municipal Financial Policy -- 4. Property Taxes and Firm Location: Evidence from Proposition 13 -- 5. Welfare Effects of Marginal- Cost Taxation of Motor Freight Transportation: A Study of Infrastructure Pricing -- 6. State Personal Income and Sales Taxes, 1977- 1983 -- 7. Education, Welfare and the "New" Federalism: State Budgeting in a Federalist Public Economy -- List of Contributors -- Author Index -- Subject Index
• Sommario/riassunto: 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.