scholarly journals An Analysis of the Impact of State Tax and Expenditure Limitations on Indebtedness in the U. S.

2014 ◽  
Vol 26 (2) ◽  
pp. 197-222 ◽  
Author(s):  
허명순
Keyword(s):  
Tax And Expenditure Limitations ◽  
State Tax ◽  
Expenditure Limitations ◽  
The Impact

The Impact of Tax and Expenditure Limitations on Municipal Revenue Volatility

2018 ◽  
Vol 50 (2) ◽  
pp. 71-84 ◽  
Author(s):  
Tucker C. Staley
Keyword(s):  
Local Level ◽  
State Level ◽  
Policy Makers ◽  
Tax And Expenditure Limitations ◽  
Goods And Services ◽  
Expenditure Limitations ◽  
Revenue Volatility ◽  
Stringency Level ◽  
The Impact ◽  
The Relationship

Stable revenue flows are paramount for policy makers at all levels of government in order to effectively and efficiently provide goods and services to constituents. This work examines the relationship between tax and expenditure limitations (TELs) and municipal revenue volatility. The current literature suggests that more stringently binding TELs at the state level are associated with greater levels of revenue volatility. This work tests whether this finding extends to the local level of government as well. Examining ninety-nine municipalities over eight years (2004–2011), this work provides evidence that the stringency level of TELs is associated with reduced fluctuations in municipal revenue streams.

scholarly journals Research on the Effects of Limitations on Taxes and Expenditures

2017 ◽  
Vol 3 (2) ◽  
pp. 197 ◽  
Author(s):  
Judith I. Stallmann ◽  
Craig S. Maher ◽  
Steven C. Deller ◽  
Sungho Park
Keyword(s):  
Local Level ◽  
Economic Outcomes ◽  
Institutional Constraints ◽  
Research Needs ◽  
Tax And Expenditure Limitations ◽  
Expenditure Limitations ◽  
State And Local ◽  
The Impact

The literature on tax and expenditure limitations (TELs) is extensive and continues to grow as the impact of these institutional constraints on fiscal and economic outcomes continues to develop. In this survey, we review the literature of both state- and local-level TELs, in an attempt to provide an overview of their theoretical, operational, and empirical contexts. The study concludes a discussion of future TEL research needs.

The Impact of Tax and Expenditure Limitations on User Fees and Charges in Local Government Finance: Evidence from New England

2019 ◽  
Author(s):  
Pengju Zhang ◽  
Yilin Hou
Keyword(s):  
Local Government ◽  
New England ◽  
User Fees ◽  
Tax And Expenditure Limitations ◽  
Local Public Finance ◽  
Fiscal Constraints ◽  
Local Government Finance ◽  
Expenditure Limitations ◽  
The Impact ◽  
The Relationship

Abstract American local government financing shifted from taxation toward user fees and charges (UFCs) in the late 1970s, with substantial efficiency and equity implications. Normatively, the shift aligns with the benefit principle; positively, the shift is often attributed to tax revolts. We test the two associations via a difference-in-differences design and a fiscal stringency measure of tax and expenditure limitations (TELs); we also test the moderating effects of overrides on TELs. Our results confirm that state-imposed TELs caused the shift in local public finance; the results are robust to change of sample and empirical strategy. This article helps explain the relationship between tax revolts and non-tax revenue and provides evidence that fiscal constraints imposed by a higher level government on a constituent level can have significant effects, including effects beyond the intent of the constraints’ framers.

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