The impacts of Tax and Expenditure Limitations on Fiscal performance depending on Political Factors: The Case of U.S. State Governments

2021 ◽  
Vol 33 (2) ◽  
pp. 237-253
Author(s):  
So-Young Park
Keyword(s):  
State Governments ◽  
Political Factors ◽  
Tax And Expenditure Limitations ◽  
Fiscal Performance ◽  
Expenditure Limitations

Tax and Expenditure Limitations and State Credit Ratings

2012 ◽  
Vol 40 (5) ◽  
pp. 643-669 ◽  
Author(s):  
Judith I. Stallmann ◽  
Steven Deller ◽  
Lindsay Amiel ◽  
Craig Maher
Keyword(s):  
Credit Ratings ◽  
Tax And Expenditure Limitations ◽  
Expenditure Limitations

The effects of tax and expenditure limits on state fiscal reserves

2016 ◽  
Vol 32 (2) ◽  
pp. 130-151 ◽  
Author(s):  
Craig S Maher ◽  
Judith I Stallmann ◽  
Steven C Deller ◽  
Sungho Park
Keyword(s):  
State Capacity ◽  
Policy Makers ◽  
Tax And Expenditure Limitations ◽  
Time Period ◽  
Economic Downturns ◽  
Expenditure Limitations ◽  
Fund Balances ◽  
Budget Stabilization Funds ◽  
The Relationship ◽  
Fiscal Shocks

To help policy makers manage expenditures during periods of economic downturns, most states have formal budget stabilization funds and unreserved fund balances. Using indices of tax and expenditure limitations laws restrictiveness, we examine the relationship between tax and expenditure limitations and state reserves for years 1992–2010 to help determine the extent to which tax and expenditure limitations constrain or in other ways affect how states manage fiscal reserves. This time period is particularly relevant because it includes two recessions and most states had budget stabilization funds and tax and expenditure limitations. Findings suggest that state-constructed tax and expenditure limitations have little effect on state capacity to react to fiscal shocks.

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.

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