Read Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

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Description:During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state policymakers, they are not the cause of fiscal crises.--The book presents an improved methodology for measuring cyclical variability of revenues and uses this methodology to show that there is no way to restructure state tax systems in order to appreciably reduce the fiscal stress associated with recessions. Fiscal stress can be lessened by setting aside revenues during prosperous years in a rainy day fund, but current rainy day funds are not large enough to eliminate the fiscal stress caused by recessions.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises. To get started finding Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 222

Format: PDF, EPUB & Kindle Edition

Publisher: Praeger

Release: 1997

ISBN: 0313029997

Description: During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state policymakers, they are not the cause of fiscal crises.--The book presents an improved methodology for measuring cyclical variability of revenues and uses this methodology to show that there is no way to restructure state tax systems in order to appreciably reduce the fiscal stress associated with recessions. Fiscal stress can be lessened by setting aside revenues during prosperous years in a rainy day fund, but current rainy day funds are not large enough to eliminate the fiscal stress caused by recessions.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises. To get started finding Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

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