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Author: Publisher: ISBN: Category : Electronic books Languages : en Pages : 38
Book Description
The recent restructuring of California's Enterprise Zone program illuminates the ongoing debate over the effectiveness of economic development programs that are funded through tax expenditures. The current literature on Enterprise Zones does not provide a full picture of the impacts of these programs because the literature focuses on certain outcomes of tax expenditure programs, such as employment rates and business retention, and not on the fiscal effects to local governments. Tax expenditure programs were investigated to understand their effect on local government revenues to establish a research framework that begins to analyze these programs' effects more accurately. Then the various Enterprise Zone programs in California and Florida were analyzed to determine how tax expenditures provided through these programs affect the property tax and sales tax revenues of the local governments located in these geographically-targeted programs. This research first investigated cities located in Enterprise Zones and compared the average trend of these two financial indicators against comparable cities in the same state that are not in Enterprise Zones. This research found that the average trend of sales and property tax revenues increased at a higher rate for cities with an Enterprise Zone than those without, even when controlling for differences in population. Then linear regression analysis was utilized to quantify the value of tax expenditures provided to local governments. The regression analyses focused on identifying the marginal increase on sales and property tax revenues from a dollar change in tax expenditures provided by the Enterprise Zone programs. This research found that for California, increases in tax expenditures provided by the state's Enterprise Zone program positively impacted the property and sales tax revenues of local governments, while Florida's Enterprise Zone program demonstrated a negative impact on property and sales tax revenues for local governments.
Author: Publisher: ISBN: Category : Electronic books Languages : en Pages : 38
Book Description
The recent restructuring of California's Enterprise Zone program illuminates the ongoing debate over the effectiveness of economic development programs that are funded through tax expenditures. The current literature on Enterprise Zones does not provide a full picture of the impacts of these programs because the literature focuses on certain outcomes of tax expenditure programs, such as employment rates and business retention, and not on the fiscal effects to local governments. Tax expenditure programs were investigated to understand their effect on local government revenues to establish a research framework that begins to analyze these programs' effects more accurately. Then the various Enterprise Zone programs in California and Florida were analyzed to determine how tax expenditures provided through these programs affect the property tax and sales tax revenues of the local governments located in these geographically-targeted programs. This research first investigated cities located in Enterprise Zones and compared the average trend of these two financial indicators against comparable cities in the same state that are not in Enterprise Zones. This research found that the average trend of sales and property tax revenues increased at a higher rate for cities with an Enterprise Zone than those without, even when controlling for differences in population. Then linear regression analysis was utilized to quantify the value of tax expenditures provided to local governments. The regression analyses focused on identifying the marginal increase on sales and property tax revenues from a dollar change in tax expenditures provided by the Enterprise Zone programs. This research found that for California, increases in tax expenditures provided by the state's Enterprise Zone program positively impacted the property and sales tax revenues of local governments, while Florida's Enterprise Zone program demonstrated a negative impact on property and sales tax revenues for local governments.
Author: David L. Sjoquist Publisher: Edward Elgar Publishing ISBN: 9781781008522 Category : Business & Economics Languages : en Pages : 358
Book Description
State and Local Finances under Pressure explores the future of state and local government fiscal systems given the numerous pressures they face from economic, legal, technological, demographic and political forces. It explores how these multiple forces play out in terms of the changes state and local governments should and are likely to make. The contributors argue that state and local governments must make substantial changes and that failure to act is likely to result in adverse effects and increasing pressures for modifications that are more difficult to implement and more politically unpalatable. Without reform, state and local fiscal systems will grow increasingly out of sync with economic reality. The authors suggest that government responses are likely to be evolutionary, but that in 25 years the recorded changes will be substantial. The first chapter provides a historic perspective of state and local fiscal trends. Each of the subsequent chapters describes the nature of one of the pressures state and local governments face including: political and legal forces, globalization of business, demographic and technological changes, deregulation of utilities, and urban sprawl. Policymakers, economists, political scientists, fiscal policy analysts and public administrators will find this comprehensive book of interest.
Author: Hathaway, Alex Publisher: Edward Elgar Publishing ISBN: 1800886411 Category : Business & Economics Languages : en Pages : 384
Book Description
Governments have always endured economic woes, but the increasing severity of such challenges, from the Great Recession starting in 2008 to the unprecedented impact of the COVID-19 pandemic, highlights the need for better-developed fiscal analysis capacity in governments of all sizes using the most practical—yet robust—techniques available. This volume presents an array of real-world analytical approaches in a variety of service areas at the core of state and local government.
Author: Ronald C. Fisher Publisher: Routledge ISBN: 1317513843 Category : Business & Economics Languages : en Pages : 647
Book Description
Now in its 4th edition, State and Local Public Finance provides a comprehensive and sophisticated analysis of state and local government public finance practices and issues, using the basic tools of economics. For this new edition, there is a focus on the most important services provided in the state-local sector: education, health and welfare, public safety, and transportation. This textbook provides an examination and analysis of public finance practices and problems in a federal fiscal system, focusing on the fiscal behaviour and policies of state and local governments. The author presents detailed descriptions of significant institutions. Modern economic theory is applied to examine the way these institutions are used to produce and finance services, and to provide evaluation of alternative policies. Although the emphasis is on U.S. institutions and issues, much of the economic analysis can be applied to any federal system or to fiscal decentralization. This fully revised new edition sees updates throughout to data, topics, and applications. The Headlines and Applications sections reflect the most current policy issues affecting state and local governments. These include the effects of the Great Recession on state and local governments, changes in the tax treatment of internet purchases, the Affordable Care Act and implications for Medicaid spending by state governments, demographic changes and the implications for state-local finances, the implications of changes in automobile technology for transportation financing, and the potential for increased gambling activity. This text will continue to be invaluable reading for those who study public finance, local government finance, urban economics and public policy and public administration.
Author: Robert D. Ebel Publisher: OUP USA ISBN: 9780199765362 Category : Business & Economics Languages : en Pages : 1057
Book Description
This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. Each chapter provides a description of the discipline area, examines major developments in policy practices and research, and opines on future prospects.
Author: Helen F. Ladd Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 520
Book Description
A collection of 25 years of policy-oriented research in the area of state and local public finance by a professor of public studies and economics at Duke University. Part I addresses fiscal disparities across local jurisdictions and the design of intergovernmental aid programs, and Part II examines the design of taxes and tax structures, with material on tax limitation measures. Part III deals with the interaction between taxes and land use, including fiscal effects of rapid population growth and the use of tax subsidies to promote growth in urban areas. Part IV focuses on education finance. No index. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Harvey S. Rosen Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 376
Book Description
Collects 17 papers by Rosen (economics and business policy, Princeton U.), many of which are empirical and involve econometric analysis of large data sets. Rosen shows how state and local government spending and taxing decisions are made in an intertemporal context that takes into account future prices and income, and are influenced by the economic environments in which they occur. Three papers co-authored with Daniel R. Feenberg (National Bureau of Economic Research) lay out a consistent methodology for characterizing state tax structures. No index. Annotation copyrighted by Book News, Inc., Portland, OR
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Author: 
Author: David L. Sjoquist
Author: Hathaway, Alex
Author: United States. Department of the Treasury
Author: Ronald C. Fisher
Author: Robert D. Ebel
Author: Helen F. Ladd
Author: Werner Zvi Hirsch
Author: Harvey S. Rosen
Author: