State and local governments are at a financial crossroads. As the federal government attempts to reduce its deficits, state governments will have to provide a greater share of support for mandatory social programs. Local governments face demands for new initiatives in education and for civic improvements. Both have obligations to employee pension plans that are large and still relatively untested. Running counter to these claims on state and local budgets is a voter effort to limit the amounts that governments may tax or spend.
This fourth edition of James A. Maxwell's classic and widely acclaimed book will help both layman and lawmaker understand the choices open to their governments. It provides a lucid, nontechnical analysis of state and local finance. It gives concise descriptions of the taxes, grants, debt issues, and user charges that finance state and local government and discusses their relative virtues and drawbacks. It traces the history of state and local finance and presents statistical data on expenditures, federal aid, revenue from taxes and user charges, debt, and pension funds. The new edition, in recognition of changes since the mid-1970s, also includes a separate chapter on financing education and broadened analyses of federal grant programs, employee retirement systems, and nonguaranteed municipal debt.
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Financing State and Local Governments
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Table of contents
- Introduction
- 1. Development of the Federal System
- 2. Fiscal Performance and Capacity
- 3. Federal Intergovernmental Transfers
- 4. State Intergovernmental Transfers
- 5. State Taxes on Individual Income and Sales
- 6. Other State Taxes
- 7. The Property Tax
- 8. Nonproperty Taxes and Nontax Revenue
- 9. State and Local Debt
- 10. Earmarked Revenues, Retirement Systems, and Capital Budgets
- 11. Education Finance
- 12. Whither State and Local Finance?
- Appendix: Statistical Tables
- Bibliography
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Yes, you can access Financing State and Local Governments by J. Richard Aronson,John L. Hilley in PDF and/or ePUB format, as well as other popular books in Politics & International Relations & Public Finance. We have over one million books available in our catalogue for you to explore.