Revenue Portfolio and Expenditures: An Examination of the Volatility of Tax Revenue and Expenditure Patterns during the Great Recession
Local governments in the United States are diversifying their revenue streams and becoming less reliant on the inelastic revenue from property taxes. This article examines both how this affects local governments' revenue stability in economic downturns as well as their levels of expenditures in...
Saved in:
Published in | International journal of public administration Vol. 40; no. 10; pp. 896 - 905 |
---|---|
Main Author | |
Format | Journal Article |
Language | English |
Published |
New York
Routledge
24.08.2017
Marcel Dekker, Inc |
Subjects | |
Online Access | Get full text |
Cover
Loading…
Summary: | Local governments in the United States are diversifying their revenue streams and becoming less reliant on the inelastic revenue from property taxes. This article examines both how this affects local governments' revenue stability in economic downturns as well as their levels of expenditures in key functions: capital and social services. Using data from North Carolina counties from both before the Great Recession and after, this article examines reliance on local sales taxes and stability of revenue. The findings suggest that dependence on local sales taxes do increase volatility and reduce expenditures on social services, all else being equal. |
---|---|
ISSN: | 0190-0692 1532-4265 |
DOI: | 10.1080/01900692.2017.1295271 |