ERIC Number: ED137899
Record Type: RIE
Publication Date: 1977
Reference Count: N/A
Financing State and Local Governments. Third Edition. Studies of Government Finance Series.
Maxwell, James A.; Aronson, J. Richard
This book provides a nontechnical analysis of state and local finances that is intended to provide educators, lawmakers, students, and voters with the background necessary to form intelligent opinions and make effective decisions. The authors summarize current theories of the incidence of the major state and local taxes, assess the capacity of state and local governments to carry debt, and discuss property tax "circuit breakers" and state and local retirement systems. Topics of the individual chapters include development of the federal system; fiscal performance and capacity; federal intergovernmental transfers; state intergovernmental transfers; state taxes on individual income and sales; other state taxes; the property tax; nonproperty taxes and nontax revenue; state and local debt; earmarked revenues, retirement systems, and capital budgets; and the future of state and local finance. (Author/JG)
Descriptors: Economics, Educational Finance, Financial Needs, Financial Policy, Fiscal Capacity, Government Role, Local Government, Property Taxes, State Government, Taxes
The Brookings Institution, 1775 Massachusetts Avenue, N.W., Washington, D.C. 20036 ($10.95 cloth; $4.95 paper)
Publication Type: Books
Education Level: N/A
Authoring Institution: Brookings Institution, Washington, DC.