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Journal Article
School district spending and state aid: why disparities persist
Bradbury, Katharine L. (1994-01)
Most decisions about the level of local public school spending are made by local school districts. Their choices are conditioned by local resources and the availability of external funds, mostly from state governments. A major purpose of this substantial state aid is to further the goal of equal educational opportunity by helping to make spending more equal in rich and poor districts. ; This article investigates the link between school spending disparities and state school aid by using data on school finances and community attributes to model the determinants of per-pupil operating spending ...
New England Economic Review , Issue Jan , Pages 50-68

Journal Article
State tax revenue growth and volatility
Nelson, Ray D.; Cornia, Gary C. (2010-10)
Macroeconomic conditions and tax structures jointly determine the growth and volatility of state tax revenues. Since a variety of economic conditions exist among states, government policymakers should carefully anticipate and consider the possible impacts of proposed tax reform and revenue enhancements on the long-term growth and volatility of their unique tax revenue portfolios. In the short run, states generally cannot alter the volatility and growth rates of their economies. They can, however, change the composition of their tax portfolios to minimize the effects of the business cycle on ...
Regional Economic Development , Issue Oct , Pages 23-58

Journal Article
Lessons from variations in state Medicaid expenditures
Little, Jane Sneddon (1992-01)
Because Medicaid is absorbing a large and growing share of government spending in every state, policymakers are under intense pressure to control the cost of this budget-breaking program. In search of clues concerning Medicaid cost containment, this article examines state data on per-recipient Medicaid spending by type of service. This effort suggests focusing on nursing homes, because per-recipient payments to these institutions are highly variable across states. Indeed, the article concludes that a key explanation for cross-state differences in per-recipient Medicaid expenses is the ...
New England Economic Review , Issue Jan , Pages 43-66

Journal Article
The recession's impact on the state budgets of New York and New Jersey
Deitz, Richard; Steindel, Charles; Haughwout, Andrew F. (2010-06)
In the wake of the most recent U.S. recession, both New York State and New Jersey have faced multibillion-dollar budget gaps. An analysis of the makeup of their budgets reveals that the states' heavy reliance on personal income taxes--particularly from high-wage earners in the finance sector--has exacerbated revenue shortfalls. To close their budget gaps, New York and New Jersey have had to make difficult choices about tax increases and service cuts. In the future, the states might take steps to avert such budget quandaries by establishing "rainy day" funds or restructuring taxes to make ...
Current Issues in Economics and Finance , Volume 16 , Issue Jun/Jul

Working Paper
Political competition, causal relationships between taxes and spending, and their influence on government size: evidence from state-level data
Rogers, Diane Lim; Rogers, John H. (1995)
Theories of fiscal illusion and political competition have different implications for (i) the causal relationships between taxes and spending, and (ii) government size. These are tested using data from u.s. states from 1950 to 1990. We find evidence that greater political competition generally encourages bigger government, the Democratic Party is associated with bigger government, and state governments which "tax first, spend later" are more likely to be large. Other factors related to the fiscal illusion and political competition theories also appear to be important determinants of ...
International Finance Discussion Papers , Paper 500

Journal Article
Analyzing a proposal to ban state tax breaks to businesses
Holmes, Thomas J. (1995-04)
This article asks whether or not the overall welfare of U.S. residents would be greater if U.S. federal law prohibited state governments from offering tax breaks to particular businesses. The answer of a formal model is yes, making such tax breaks illegal could increase a summary measure of total welfare in the economy. According to the model, the policy could increase welfare because it would increase the tax revenue collected from capital agents, and that revenue could finance an increase in spending on public goods. The policy would also spread the tax burden more evenly in the economy and ...
Quarterly Review , Volume 19 , Issue Spr , Pages 29-39

Working Paper
The subsidy from state and local tax deductibility: trends, methodological issues, and its value after federal tax reform
Tannenwald, Robert (1997)
Even though the momentum of the "devolution" movement has slowed, federal intergovernmental grants will probably be cut substantially during the next five to ten years. Federal tax reform could further erode federal assistance by eliminating the deduction for state and local personal income and property taxes. This deduction subsidizes the net cost to taxpayers of financing an additional dollar of state and local spending. In the language of economics, deductibility reduces the marginal "tax price" of state and local public goods. This paper clarifies methodological issues in the ...
Working Papers , Paper 97-8

Journal Article
State of decline: State budgets feel the pinch
Chriszt, Michael J. (2003-07)
EconSouth , Volume 5 , Issue Q3 , Pages 3-7

Working Paper
Output fluctuations and fiscal policy : U.S. state and local governments 1978-1994
Sorensen, Bent E.; Wu, Lisa; Yosha, Oved (1999)
What are the cyclical properties of U.S. state and local government fiscal policy? The budget surplus of local and, in particular, state governments is procyclical, smoothing disposable income and consumption of state residents. This happens over both short- and medium-term horizons. Procyclical surpluses are the result of strongly procyclical revenues, and weakly procyclical expenditures. The budgets of trust funds and utilities are procyclical. Federal grants are procyclical, exacerbating the cyclical amplitude of state level income movements; although they smooth the idiosyncratic ...
Research Working Paper , Paper 99-05

Journal Article
Come the devolution, will states be able to respond?
Tannenwald, Robert (1998-05)
Since the founding of the Republic, Americans have engaged in endless debate about the division of fiscal and regulatory responsibilities among levels of government. The controversy has often involved the concomitant question of the optimal role of government as a whole. The issue has been not only which level of government should do what, but also what government at any level should do.
New England Economic Review , Issue May , Pages 53-73

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