ERIC Number: ED058477
Record Type: RIE
Publication Date: 1971-Nov-12
Reference Count: 0
State-Local Revenue Systems and Educational Finance.
Myers, Will S.; And Others
This study analyzes the self-help capabilities of the States to equip themselves with a highly productive State-local revenue system that could underwrite a major share of school costs. The present state-local revenue system is said to be impaired in its productivity and equity by: (1) the regressive impact of property, general sales, and selective excise taxes; (2) the imbalance between fiscal resources and certain functional responsibilities of government; (3) the sluggish response of state and local revenues to economic growth; and (4) the difficulties in assuring equitable administration of the property tax. Possible solutions to these problems are presented in relation to the achieveing of a heavy-duty State-local revenue system. A discussion of the implications of Federal financing of public welfare and Federal revenue sharing for school finance and for the improvement of State-local tax systems is given. Five appendixes provide the following: A. Major Recommendations of State Tax Studies, 1968-1971; B. Bibliography of Selected Materials on State and Local Finance; C. Constitutional and Statutory Limitations on State and Local Borrowing and Property Taxation; D. Appendix Tables and E. The Rough Road to Tax Reform: The Ohio Experience. The report proper is illustrated with 27 tables. (For related document, see ED 058 473.) (DB)
Publication Type: N/A
Education Level: N/A
Sponsor: President's Commission on School Finance, Washington, DC.
Authoring Institution: Advisory Commission on Intergovernmental Relations, Washington, DC.