Author: United States. Congress. Economic Joint Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

View

Book Description

Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 32

View

Book Description

Author: United States. Congress. Joint Economic Committee. Subcommittee on Urban Affairs
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 32

View

Book Description

Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 39

View

Book Description

Author: Edward M. Gramlich
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 32

View

Book Description
USA. Congressional committee print reporting on the impact of federal financial policy on budgetary resources at the local level - concludes that state and local budget surplus emanating from fiscal policy is not as high or changing as accounts would have indicated and that federal grant policies should not be altered. References and statistical tables.

Author: Donald J Marples
Publisher: Independently Published
ISBN: 9781099801877
Category :
Languages : en
Pages : 38

View

Book Description
The growth of the national debt, which is considered unsustainable under current policies, continues to be one of the central issues of domestic federal policymaking. Addressing a federal budget deficit that is unsustainable over the long run involves choices. Fundamentally, the issues require deciding what government goods, services, and transfers are worth paying taxes for. Most people would agree that the country benefits from a wide range of government services-air traffic controllers, border security, courts and corrections, and so forth-provided by the federal government. Yet federal government provision of goods and services comprises only a modest portion of the federal budget. Transfers, including interest payments, accounted for around 75% of the federal budget. Central findings of this analysis include the following: A comparatively small share of federal spending is for the direct provision of domestic government goods and services. Transfers and payments to persons and to state and local governments constitute most of federal spending, about 75% of all federal spending. Defense spending, accounting for about 15% of federal spending, has declined as a share of output over the past 35 years, but it also tends to vary depending, in part, on the presence and magnitude of international conflicts. The problem with the debt lies not in the past but in the future, as growth in spending for health and Social Security is projected to continue faster than the economy as a whole. The increase in deficits and debt, in turn, leads to a significant increase in interest payments. Because much of the pressure on future spending arises from imbalances in Social Security and Medicare Part A (Hospital Insurance) trust funds, keeping these funds and their sources of financing intact is a concern that could constrain choices. Preserving entitlements would likely require significant increases in taxes, such as raising rates, reducing tax expenditures, increasing other taxes, or introducing new revenue sources. Reductions in discretionary spending are insufficient to reduce the deficit to a sustainable level, so limiting taxes as a percentage of output or constraining the overall size of the government to current levels would likely require significant cuts in mandatory spending, including entitlement programs such as Social Security, Medicare, and Medicaid. Because the federal government provides about one-fifth of the revenue for state and local governments, cutbacks in transfers to these governments may, in part, shift the burden of providing services from the national to subnational governments rather than altering the overall size of government services.

Author: Scott R. Mackey
Publisher: National Conference of State Legislatures
ISBN: 9781555165598
Category : Decentralization in government
Languages : en
Pages : 0

View

Book Description
The United States is undergoing a transition as state governments reclaim responsibilities that the federal government had assumed earlier in the century. Sorting out which governmental body should take charge of various services is the subject of this report. It focuses on two critical issues in the relationship between state and local governments: which level of government should finance services, and which level of government should deliver those services. Delegating governmental responsibilities presumes that a more fundamental question has been answered--whether government should provide the service at all--has been considered and answered affirmatively. The following five principles constitute a framework for sorting out responsibilities between state and local governments: (1) provide the clearest possible separation of responsibility between state and local governments; (2) assign program responsibility to the lowest possible level of government unless there is an important reason to do otherwise; (3) consider the fiscal effects of state mandates on local governments; (4) assume state responsibility for programs where uniformity or statewide benefits will result; and (5) provide state financial assistance to local governments that have the lowest capacity to raise their own revenue. Case studies are included to illustrate each principle. Principle 1 covers "The Special Case of Education" (p.5). (RJM)

Author: Jay Richard Aronson
Publisher: Brookings Institution Press
ISBN:
Category : Finance, Public
Languages : en
Pages : 302

View

Book Description
Study of public finance in central government and local governments in the USA - covers historical background, public expenditure distribution, grant programmes and functions, tax systems and performance, trends in monetary transfer, consumption tax, income tax, corporation tax, public debt, pension schemes, public investment, educational expenditure, etc. Bibliography, diagram, graphs, statistical tables.

Author: Beth Walter Honadle
Publisher: Academic Press
ISBN: 9780123547514
Category : Business & Economics
Languages : en
Pages : 271

View

Book Description
This examination of the fiscal health of local governments offers a "how-to" approach to identifying and solving financial problems. It will serve as a primer for readers interested in understanding financial processes and alternatives, and as a practical guide for those who need access to fiscal measurement tools. Its principal selling point lies in its assumptions: instead of using the vocabulary and research agendas of economists (such as Musgrave, Fisher), finance scholars (Ladd/Yinger) and political scientists (Peterson/Strachota), it will appeal to readers who lack sophisticated knowledge in these areas and nevertheless need practical advice. The book stems from the "Fiscal Health Education Program," an applied economics program at the University of Minnesota. It uses three measures of fiscal health-financial condition, trend analysis, and financial trend monitoring system-as the basis for advocating particular fiscal strategies. The book examines the tools that can be used to assess the condition of a local government's fiscal health and some of the policy causes or remedies for certain situations, as well as some of the strategies governments can pursue to maintain and improve health. *How-to approach will appeal to readers who lack sophisticated knowledge * Contains discussion questions and anonymous case studies of actual cities and municipalities * Presents practical methods for identifying and solving common fiscal problems

Author: David Brunori
Publisher: The Urban Insitute
ISBN:
Category : Business & Economics
Languages : en
Pages : 176

View

Book Description
Local governments across the United States are struggling to raise revenue to pay for public services. Increased demands by citizens for more and better services; the ever-rising costs of providing services; and a plethora of legal and political restrictions on raising tax revenue have left many American local governments in dire fiscal straits. The fiscal autonomy of local governments has been declining for several decades. By ceding financial control to the states, localities cede political control over their affairs. Paralleling this loss of financial and political control, local governments are losing control over the property tax, their most stable and reliable source of revenue. Brunori explores the roots of the current fiscal crisis and evaluates various relief proposals. He champions the property tax, offering a blueprint for strengthening this oft-maligned instrument and returning the tax autonomy that has been vital to the success of the American political and economic systems.