- Consulting Editors
- Introduction: State and Local Government Finance in The United States
- The Constitutional Frameworks of State and Local Government Finance
- Federalism Trends, Tensions, and Outlook
- State and Local Government Finance: Why It Matters
- State and Local Governments and The National Economy
- The Evolving Financial Architecture of State And Local Governments
- Profiles of Local Government Finance
- Federal Preemption of Revenue Autonomy
- State Intergovernmental Grant Programs
- State and Local Fiscal Institutions in Recession and Recovery
- Real Property Tax
- State Personal Income Taxes
- State Corporate Income Taxes
- Entity Taxation of Business Enterprises
- Implications Of a Federal Value-Added Tax for State and Local Governments
- Retail Sales and use Taxation
- Local Revenue Diversification: User Charges, Sales Taxes, and Income Taxes
- State Tax Administration: Seven Problems in Search of a Solution
- Revenue Estimation
- Providing and Financing K–12 Education
- The Social Safety Net, Health Care, and the Great Recession
- Transportation Finance
- Housing Policy: The Evolving Subnational Role
- Capital Budgeting and Spending
- Financial Markets and State and Local Governments
- Infrastructure Privatization in The New Millennium
- Financial Emergencies: Default and Bankruptcy
- Government Financial-Reporting Standards: Reviewing the Past and Present, Anticipating the Future
- Pullback Management: State Budgeting Under Fiscal Stress
- Public Employee Pensions and Investments
- Accomplishing State Budget Policy and Process Reforms
- Fiscal Austerity and the Future of Federalism
- Achieving Fiscal Sustainability for State and Local Governments
- The Intergovernmental Grant System
- Community Associations at Middle Age: Considering the Options
Abstract and Keywords
Significant developments of US state and local finance are converging in a manner that will newly frame the practices of state and local governance in the next decade and beyond. These trends can move from low-priority “problems to be addressed” to becoming urgent, high-priority concerns when the governments face economic and political shocks that are beyond their direct control—for example, the Great Recession (2007–2009). In this context, this article offers to bring together in the book the existing knowledge on the principles and practices of state and local finance. It takes an explicit look at how the issues proposed to be addressed fit into the broader framework of the practice of US intergovernmental relations (fiscal decentralization). The organization of the book is explained.
Robert D. Ebel is a Professor of Economics and Public Administration at the University of the District of Columbia.
John E. Petersen is a Professor of Finance and Public Policy in the School of Public Policy at George Mason University.
Ha T. T. Vu is an Economist at The World Bank.
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