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Journal Article
An acquired taste for public goodies
State and local government spending has steadily increased across the district, and states have unique spending priorities
Journal Article
Put it on my ... er, his tab
Opinion polls show a big gap between the public's desire for services and its willingness to pay for those services
Journal Article
Interstate fiscal disparity in 1997
Readily available tax statistics tell state and local policymakers the amount and mix of revenues that their governments receive. However, these officials pose harder fiscal questions than simply how much money is flowing into their coffers and from what sources. They frequently ask, What is our state's capacity to raise revenues, regardless of how much we actually collect? To what extent do we utilize that capacity? Is our revenue capacity sufficient to finance our state's need for public services? These questions are especially salient today, given that during state fiscal year 2002 ...
Journal Article
Revenue implications of New York City's tax system
A study of New York City's tax system finds that over the past three decades, the system has become less reliant on property and general sales taxes and more dependent on corporate and personal income taxes. This shift has made the city's tax revenues less stable than the revenues of the 1970s and more sensitive to cyclical swings.
Journal Article
Fiscal sweeteners : Did North Carolina lure Dell too much?
Journal Article
Reserve banks return more than $34 billion to Treasury
In 2007, the Federal Reserve System transferred more than $34 billion to the U.S. Treasury. This revenue represents most of the Reserve Banks' net income and came from a number of sources.
Journal Article
Are state and local revenue systems becoming obsolete?
As recently as a year ago, state governments were awash in revenue, but reports from state revenue officials suggest that growth in tax receipts has slowed considerably in recent quarters. The flow of tax revenues into state coffers has decelerated primarily because the economy has suffered a severe shock (it was weakening even before September 11) and delayed tax cuts enacted in earlier, more prosperous times have taken full effect. However, many tax analysts believe that long-term economic, technological, and political trends are also partially responsible and will continue to constrain ...
Journal Article
Seigniorage revenue and monetary policy: some preliminary evidence
Producing new money is inexpensive, making seigniorage--the revenues earned from creating new money--attractive. However, the social costs of faster money creation most likely are greater than the production costs. These marginal social costs may put limits on how much real seigniorage revenue the government can earn. In this article, Joseph Haslag looks across countries to assess the typical reliance on seigniorage revenue. In addition, Haslag determines whether countries with combinations of high rates of money growth and high reserve requirements tend to rely especially heavily on ...
Journal Article
Commentary on \\"state tax revenue growth and volatility\\"
Journal Article
Municipal finance in the face of falling property values