scholarly journals Investing During the Recession: How County Governments Utilized Idle Cash

2020 ◽  
Vol 6 (1) ◽  
pp. 24
Author(s):  
Steve Modlin
Keyword(s):  
South Carolina ◽  
Federal Government ◽  
Local Governments ◽  
Regression Models ◽  
Property Tax ◽  
Educational Background ◽  
Government Investment ◽  
County Governments ◽  
Money Market Funds ◽  
North And South

This article examines the investing practices of North and South Carolina county governments during the recession. Unlike many local governments across the country, county governments in both states reported that there were indeed funds available for investing at any given time. Initial findings indicate that investors were concerned for safety and liquidity as the local government investment pool (LGIP) for both states along with certificates of deposit (CDs) were the preferred instruments. Regression models of the four most widely used instruments were analyzed. Findings indicate lower property tax collections and an external primary bank of business were associated with higher LGIP investment; whereas, a significant relationship was also found between those with less experience and official educational background other than accounting and an increase in money market funds and federal government securities.

Compensating Changes to the Property Tax Levy? An Empirical Test of the Residual Rule

2017 ◽  
Vol 46 (6) ◽  
pp. 949-973 ◽  
Author(s):  
Spencer T. Brien
Keyword(s):  
Local Governments ◽  
Formal Model ◽  
Empirical Test ◽  
Property Tax ◽  
Tax Administration ◽  
County Governments ◽  
Active Approach ◽  
The Difference ◽  
Using Data ◽  
The Cost

The residual view of the property tax assumes that local governments set their levies equal to the difference between budgeted expenditures and expected receipts from other revenues. This approach allows them to adjust the levy to achieve greater overall revenue stability potentially at the cost of tax predictability. This article presents a formal model of the residual rule and uses it to test whether this active approach to property tax administration describes observed fiscal behavior. This test is conducted using data from county governments in Georgia over a fifteen-year period. The results support the validity of the residual rule over an alternative model of passive tax administration.

scholarly journals PENGARUH KARAKTERISTIK PEMERINTAH DAERAH TERHADAP KEPATUHAN PENGUNGKAPAN INVESTASI PEMERINTAH DAERAH (Studi pada Pemerintah Kabupaten/Kota di Pulau Jawa dan Sumatera)

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Sri Suranta ◽  
Oktovian Siregar
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Sampling Method ◽  
Test Procedure ◽  
Financial Statements ◽  
Educational Background ◽  
Fiscal Year ◽  
Government Investment ◽  
City Governments ◽  
The Social

This study aims to know the effect of local government’s characteristics, which are the local government’s administrative age, the size of its investments, the number of SKPDs (working units), the educational background of the head of the local government and intergovernmental revenues, on the compliance of local government investment disclosures and compare the compliance of local government investments disclosures between local governments in Java and Sumatera. The sampling method used is purposive sampling. The study sample consists of 102 district/city governments that report the Local Government Financial Statements for Fiscal Year 2013 and have been audited by the Indonesia’s Supreme Audit Board in 2014. This study uses multiple regression analysis and t-test procedure and also does the classical assumptions test including normality, autocorrelation, heteroscedasticity, and multicollinearity test using Statistical Package for the Social Sciences (SPSS). The results show that the local government’s administrative age has significant effect on the disclosure of local government investments, while the size of its investments, the number of SKPDs (working units), the educational background of the head of the local government and intergovernmental revenues have no significant effect on the disclosure of local government investments. Keywords: local government investment disclosures, local government financial statements, organizational theory, characteristics of an organization.

scholarly journals Inmigración, federalismo y reglamentación local en Estados Unidos

2013 ◽  
Author(s):  
Laurie Reynolds
Keyword(s):  
Federal Government ◽  
Local Governments ◽  
Legal Status ◽  
Local Level ◽  
County Governments ◽  
Legal Relationship ◽  
National Debate ◽  
Local Initiatives ◽  
Legislative Activity ◽  
Immigration Debate

<p align="justify">En las últimas décadas, muchos gobiernos locales, la mayoría de ciudades y pueblos han entrado en el debate nacional sobre la inmigración. Como era de esperar, la actitud que se ve al nivel local refleja el debate nacional, con una gran variedad entre una política muy favorable para la incorporación de los inmigrantes y por otro lado, una política con mucho antagonismo hacia ellos. Con el aumento de interés en cuanto a las leyes locales, se añade otro nivel de política a la inmigración. Ahora no solamente hay que entender los poderes, mandatos y leyes de los gobiernos estatales y federal, sino también las leyes, poderes, mandatos y prohibiciones de los gobiernos locales. Tanto puede ser una ciudad o pueblo como un country (condado/municipio) donde se ve legislación que se dirige a los inmigrantes o refleja una política hacia ellos. En este artículo analizo el estatus legal de los gobiernos municipales en cuanto al tema de la inmigración y en cuanto a la relación legal que tienen los gobiernos municipales con su estado y con el gobierno federal. <strong>In recent decades, many local governments (mostly cities and towns) have entered the national debate on immigration. As was to be expected, the local governments’ stance vis a vis immigrants and immigration reflects the national debate. Local policies and legislation ranges from those that are friendly to immigrants, trying to facilitate their integration into the larger society, to those that are overtly hostile to the newly ar-rived. As local government legislative activity increases, another level of politics and political structure is layered onto the immigration debate. In addition to the well-established state and federal interest, regulation, and mandates involving immigration, local laws now come into play as well. At the local level, both city and county governments have begun to adopt legislation targeting immigrants. In this article, I analyze the legal status of these local actions and evaluate the legal relationship between and among local, state, and federal government that informs the legality of these local initiatives.</strong></p>

Colon Cancer Treatment in Rural North and South Carolina

1999 ◽  
Vol 23 (5) ◽  
pp. 428-434 ◽  
Author(s):  
Sarah E. Tropman ◽  
Theresa Hatzell ◽  
Electra Paskett ◽  
Thomas Ricketts ◽  
M. robert Cooper ◽  
...  
Keyword(s):  
Colon Cancer ◽  
South Carolina ◽  
Cancer Treatment ◽  
North And South

Illusions of Clustering: A Systematic Evaluation on the Effects of Clusters on Regional Economic Performance in Korea

2021 ◽  
pp. 016001762110187
Author(s):  
Hyunha Shin ◽  
Junseok Hwang
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Local Governments ◽  
Regression Models ◽  
Regional Growth ◽  
Systematic Evaluation ◽  
Regional Innovation ◽  
Regional Economic ◽  
Pca Method ◽  
Regional Economic Performance

Korea has pursued a cluster-based policy to increase industrial competitiveness and to alleviate development gaps between the regions. However, local governments have often oversupplied clusters without an objective examination of the demands and conditions in the regions. Based on these concerns, this study analyses effects and interdependencies of factors related to regional innovation and growth in Korea. Employing a PCA method and a GLS regression models on panel data, we generated three composite factors, social, capacity, and clustering, and estimated their effects on regional economic performance. The results show that it is important to have a favorable socio-economic setting to foster growth by clusters. In addition, cluster-based policies may have weaker effects than expected, because the effect of R&D capacity on regional growth was stronger and longer lasting. Finally, some specific elements that most affected economic growth in Korea’s regions are identified. The overall results indicate favorable environments should be established beforehand to foster regional growth with clusters, which confirms “jobs follow people.”

scholarly journals Leviathan or Public Steward? Evidence on Local Government Taxing Behavior from New York State

2018 ◽  
Vol 49 (4) ◽  
pp. 671-693 ◽  
Author(s):  
Austin M Aldag ◽  
Mildred E Warner ◽  
Yunji Kim
Keyword(s):  
New York ◽  
Local Governments ◽  
Fiscal Federalism ◽  
New York State ◽  
Property Tax ◽  
General Purpose ◽  
Fiscal Stress ◽  
York State ◽  
Expenditure Limitations ◽  
Logistic Regressions

Abstract Fiscal federalism argues local governments compete to provide optimal tax-service bundles as responsible public stewards. In contrast, Leviathan theories argue tax and expenditure limitations (TELs) are necessary to make local governments fiscally responsible. We analyze local taxing behavior in New York State, which implemented a levy limit in 2012 that allows legislative overrides with 60 percent vote of the local governing board. Our 2017 survey of all general-purpose local governments measured fiscal stress, service responses, and local political attitudes and found 38 percent of municipalities voted to override. Logistic regressions show local governments that have more fiscal stress, weaker property tax bases, higher need, and higher employee benefit costs are more likely to override. These findings support fiscal federalism, as local governments that override are pushing back against state policy in order to respond to local needs. TELs introduce unnecessary rigidity and run counter to the precepts of fiscal federalism.

Income Redistributive Effects of State and Local Fiscs: Connecticut, a Case Study

1973 ◽  
Vol 1 (4) ◽  
pp. 372-387 ◽  
Author(s):  
A. T. Eapen ◽  
Ana N. Eapen
Keyword(s):  
Low Income ◽  
Local Governments ◽  
Property Tax ◽  
Tax Structure ◽  
Tax Progressivity ◽  
Transfer Payments ◽  
Low Income Families ◽  
State And Local ◽  
Redistributive Effects

Regardless of the alternative assumptions used to allocate taxes and benefits from expenditures of Connecticut state and local governments in 1967, this study shows that the incidence of taxes is regressive while that of expenditures is progressive. The regressivity of the tax structure is overwhelmingly due to the regressivity of the property tax. Progressivity of expenditures stems chiefly from transfer payments, housing, and hospitals which benefit primarily low-income families. On the basis of reasonable assumptions, it is shown that the state and local fiscs bring about, on the average a net redistribution of a mere two percent of income from families with annual incomes of $12,000 and above to those below that level.

Sign in / Sign up

Export Citation Format

Share Document