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...

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Bibliographic Details
Published inInternational journal of public administration Vol. 40; no. 10; pp. 896 - 905
Main Author Afonso, Whitney B.
Format Journal Article
LanguageEnglish
Published New York Routledge 24.08.2017
Marcel Dekker, Inc
Subjects
Capital expenditures
Counties
Economic stabilization
Expenditures
Great Recession
Local government
local governments
local sales tax
Property
property tax
Property taxes
Recessions
Reliance
Revenue
revenue volatility
Sales taxes
Social capital
Social services
Tax revenues
Taxation
Volatility
United States > US
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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