- Consulting Editors
- [UNTITLED]
- Foreword
- Preface
- Acknowledgments
- Contributors
- 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
- Index
Abstract and Keywords
This article tackles the issue of comprehensive state budget reform. With structural deficits rampant, reform is needed to maintain the current level of programs that states and localities now provide, but cannot support over time with current revenue policies. Recent “reforms” have mainly focused on cutting both spending and taxes. Nonetheless, it is believed that people want their services and will vote to pay for them, if given that option. The article notes that there have been very few successful state tax reforms in recent years. But modernization of tax systems is needed to alleviate structural deficits. Part of the problem is institutional myopia: improved multiyear budgeting can warn policymakers when proposed actions are likely to create budget problems over the long term.
Keywords: state budgeting, process reforms, structural deficits, revenue policies, tax system, policymakers
Iris J. Lav is a Teaching Fellow in the Center for Advanced Governmental Studies at Johns Hopkins University.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
Please subscribe or login to access full text content.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.
For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.
- Consulting Editors
- [UNTITLED]
- Foreword
- Preface
- Acknowledgments
- Contributors
- 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
- Index
