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Keywords:Local finance 

Journal Article
Small-issue IDBs--tax policy in search of a focus

An examination of the history of small-issue industrial development bonds, with an analysis of the efficiency and effectiveness of this financing method.
Economic Commentary , Issue Aug

Journal Article
Backed by popular demand: with subsidized interest rates, public loan programs abound but don't always deliver

The Region , Volume 12 , Issue Jul , Pages 4-6

Briefing
Saving costs through regional consolidation: public safety answering points in Massachusetts

As local governments seek to address growing financial challenges, many will consider a variety of cost-cutting measures, including joint service provision with other localities. This policy brief examines the potential savings from large-scale service-sharing arrangements, using the specific example of emergency call handling and dispatch in Massachusetts. The analysis finds that consolidation can significantly reduce costs, and recommends that state policymakers consider options to encourage local consolidation. ; This policy brief builds on the Center?s 2013 research report, ?The Quest for ...
New England Public Policy Center Policy Brief

Journal Article
Can local governments give citizens what they want? Referendum outcomes in Massachusetts

Economists and political scientists have long debated the nature of the process that determines government taxation and service levels in a democracy. During the 1980s, the role of referenda in determining city and town property taxes, and hence local spending, increased dramatically in Massachusetts. This article uses recent Massachusetts experience to examine the degree to which citizens "get what they want" from the local public sector and what it is they seem to want. ; The passage of Proposition 21/2 in November 1980 signalled both a shift in statewide voter sentiment against local ...
New England Economic Review , Issue May , Pages 3-22

Journal Article
Panel discussion: the future of state and local government finance

Regional Economic Development , Issue Oct , Pages 108-22

Speech
Community development financial institutions: promoting economic growth and opportunity

a speech at the Opportunity Finance Network?s Annual Conference, Washington, D.C.
Speech , Paper 239

Journal Article
State-local business taxation and the benefits principle

This article advances the proposition that general business taxation should be structured to recover the costs of public services rendered to the business community. Estimates of one possible form of such a tax structure are offered for states of the Seventh District and for other U.S. regions.
Economic Perspectives , Volume 20 , Issue Jan

Working Paper
Public investment and budget rules for state vs. local governments

Across different layers of the U.S. government there are surprisingly large differences in institutional provisions that impose fiscal discipline, such as constitutionally mandated deficit or debt limits, or specific tax bases. In this paper we develop a framework that can be used to quantitatively assess their costs and benefits. The model features both endogenous and exogenous mobility across jurisdictions, so we can evaluate whether the different degree of mobility at the local vs. national level can justify different institutional restrictions. In preliminary results, we show that pure ...
Working Paper Series , Paper WP-08-21

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