The Oxford Handbook of State and Local Government Finance

Name: The Oxford Handbook of State and Local Government Finance
Brand: OUP eBook
Price: 145.99 EUR
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Robert D. Ebel John E. Petersen(Herausgeber*in)

OUP eBook (Verlag)

Erschienen am 21. März 2012

1057 Seiten

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978-0-19-993831-5 (ISBN)

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Beschreibung

State and local government fiscal systems have increasingly become vulnerable to economic changes. Over the past three decades, state and local deficits during economic recession have been larger and deeper each time. The impact of the Great Recession and its aftermath of feeble growth and lingering high unemployment has been dramatic both in scope and intensity. Before the crisis, long-term structural deficits were persistent for both individual governments and the entire sector as spending plans and patterns outpaced governments' revenue-generating capacity. The revenue systems of these governments eroded while the workloads and scope on the expenditure side of the state and local system budget continued to grow. This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. It contains 35 chapters authored by 60 practitioners and academics who are renowned scholars in state and local finance. Each chapter provides a description of the discipline area, examines major developments in policy, practices and research, and opines on future prospects. The chapters are divided into four sections. Section I is a systematic discussion of the institutional, economic, and political framework that provides a background for understanding the structure and financial performance of the state and local sector. The chapters in Section II provide an overview of the various components of state and local revenue systems and how they reacted to the Great Recession. They analyze the diverse forms of taxes and charges in detail, prescribe remedies and alternatives, and examine the implications for future revenue performance. Chapters in Section III turn to spending, borrowing and financial management in the state and local sector. The focus is on the big six service delivery sectors: education, health care, human services, transportation, pensions, and housing. Section IV is a set of chapters that look ahead and speculate about how the state and local government sector's money-raising, spending, and service delivery structures will adjust to the new circumstances.

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Foreword Preface Robert D. Ebel and John E. Petersen I. The Economic, Demographic and Institutional Framework 1. Introduction: State and Local Government Finance in the United States Robert D. Ebel, John E. Petersen and Ha T. T. Vu 2. The Constitutional Frameworks of State and Local Government Finance John Kincaid 3. Federalism Trends, Tensions and Outlook Timothy J. Conlan and Paul L. Posner 4. State and Local Government Finance: Why It Matters Serdar Yilmaz, François Vaillancourt, and Bernard Dafflon 5. State and Local Governments and the National Economy Rick Mattoon and Leslie McGranahan 6. Evolving Financial Architecture of State and Local Governments Sally Wallace 7. Profiles of Local Government Finance Christine R. Martell and Adam Greenwade 8. Federal Preemption of Revenue Autonomy James R. Eads, Jr. 9. State Intergovernmental Grant Programs Ronald C. Fisher and Andrew Bristle 10. State and Local Fiscal Institutions in Recession and Recovery Tracy M. Gordon II. Impacts and Implications of the Great Recession: Current Revenues and Expenditures; Capital Budgeting, Borrowing and Debt 11. Real Property Tax Michael E. Bell 12. State Personal Income Taxes Joseph J. Cordes and Jason N. Juffras 13. State Corporate Income Taxes David Brunori 14. Entity Taxation of Business Enterprise LeAnn Luna, Matthew N. Murray and Zhou Yang 15. Implications of a Federal Value Added Tax for State and Local Governments Harley T. Duncan 16. Retail Sales and Use Taxation William F. Fox 17. Local Revenue Diversification: User Charges, Sales Taxes, and Income Taxes David L. Sjoquist and Rayna Stoycheva 18. State Tax Administration: Seven Problems in Search of a Solution Billy Hamilton 19. Revenue Estimation Norton Francis III. Direct Operating Expenditures 20. Providing and Financing K-12 Education Daphne Kenyon 21. The Social Safety Net, Health Care, and the Great Recession Thomas Gais, Donald Boyd, and Lucy Dadayan 22. Transportation Finance Jonathan L. Gifford 23 Housing Policy in the U.S.: The Evolving Subnational Role Robert M. Buckley and Alex F. Schwartz IV. Capital Spending and Finance 24. Capital Budgeting and Spending Justin Marlowe 25. Financial Markets and State and Local Governments John E. Petersen and Richard Ciccarone 26. Infrastructure Privatization in the United States in the New Millennium Ellen Dannin and Lee Cokorinos V. Further Impacts on Financial Activities and Processes 27. Financial Emergencies: Default and Bankruptcy James E. Spiotto 28. Government Financial Reporting Standards: Reviewing the Past and Present, Anticipating the Future Craig D. Shoulders and Robert J. Freeman 29. Pullback Management: State Budget Execution During Periods of Rapidly Declining Revenues Carolyn Boudreaux and W. Bartley Hildreth 30. Public Employee Pensions and Investments Siona Listokin-Smith 31. Accomplishing State Budget Policy and Process Reforms Iris J. Lav 32. Fiscal Austerity and the Future of Federalism Rudolph G. Penner 33. Achieving Fiscal Sustainability for State and Local Governments Robert B. Ward 34. The Intergovernmental Grant System Raymond C. Scheppach 35 Community Associations at Middle Age: Considering the Options Robert H. Nelson Index

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