Readings in State and Local Public Finance

by Drennan, Matthew; Netzer, Dick

• ISBN13: 9781557867131
• ISBN10: 1557867135
• Edition: 1st
• Format: Paperback
• Copyright: 1991-01-16
• Publisher: Wiley-Blackwell

Summary

This is the first collection of readings in the economics of state and local public finance in almost thirty years. The scope of the thirty pieces is broad, including both classic and current articles. The articles fall into three broad categories: public choice and fiscal federalism, revenue sources and the fiscal condition of cities. The book is an excellent resource for undergraduate economics courses in which state and local public finance comprises a substantial part of the syllabus, and for graduate courses in state and local public finance in public policy programs, planning and public administration. The collection is also valuable to anyone who needs to understand the theory and practice of public finance, including policy analysts, planners, public administrators, and financial market analysts.

Author Biography

Dick Netzer has worked in urban public finance and urban economics as a researcher, teacher, public official, and consultant for more than forty years. He is the author of Economics of the Property Tax, Economics and Urban Problems, and The Subsidized Muse plus more than 200 articles and book chapters. Netzer, previously Dean of the School of Public Administration at New York University, is currently Senior Fellow at the Taub Urban Research Center at New York University.

Matthew P. Drennan has published papers on the economics and fiscal condition of New York City, New York State, and other states. He has written about the economics transformation of large cities with the rise of producer services and the decline of manufacturing. He is the author of Modeling Metropolitan Economies for Forecasting and Policy Analysis. Drennan is a Professor in the Department of City and Regional Planning at Cornell University.

Table of Contents

Public Choice and Fiscal Federalism (Fisher's Part 2)

'Public Finance and Public Choice,' National Tax Journal, Vol.28, Dec., 1975, pp.383-94

'A Pure Theory of Local Expenditures,' Journal of Political Economy, Vol. 64, Feb., 1956, pp. 416-24

'Principals of Multiunit Finance,' Chap 27 in Public Finance in Theory and Practice, 5th ed. New York: McGraw Hill, 1989, pp. 445-56

'Who Should Distribute What in a Federal System?' Hochman and Peterson, eds., Redistibution Through Public Choice. New York: Columbia University Press, 1974, pp. 22-42

'The Economics of Fiscal Federalism and Its Reform,' in Swartz and Peck, eds., The Changing Face of Fiscal Federalism. New York: M. E. Sharpe, Inc., 1990, pp. 152-174

Revenues for State and Local Governments (Fisher's Part 3)

'Of Taxes,' The Wealth of Nations, Book V, Chap. II, Part II, New York: Modern Library, 1937, pp. 777-79

'Tax Incidence Theory: The Effects of Taxes of the Distribution of Income,' Journal of Economic Literature, Vol. 7, 1969, pp. 1103-1124

'The Incidence of the Property Tax: The Benefit of View Versus the New View,' in Zodrow, ed., Local Provision of Public Services. New York: Academic Press, 1983, pp. 109-29

'Who Bears the Burden of the Property Tax?' C. Lowell Hariss, ed., The Property Tax and Local Finance. New York: The Academy of Political Science, 1983, pp. 57-71

'Property Taxes: Their Past, Present, and Future Place in Government Finance' Urban Finance Under Siege. New York: M. E. Sharpe, 1993, pp. 51-78

'Lifetime Incidence and the Distributional Burden of Excise Taxes, American Economic Review Papers and Proceedings,' Vol. 79, May 1989, pp. 325-330

'The Distributional Effects of a Sales Tax on Services,' National Tax Journal, Vol. 44 (1991), pp. 41-53

'Fiscal Effects of Differences in Sales Tax Coverage: Revenue Elasticity, Stability and Reliance,' in National Tax Association-Tax Institute of America, Proceedings of the Eighty-Fourth Annual Conference, 1991, pp. 50-57

'The State Corporate Income Tax: Lambs in Wolves' Clothing," in Aaron and Boskin, eds., The Economics of Taxation. Washington: The Brookings Institution, 1980, pp. 327-346

'Differences in Reliance on User Charges by American State and Local Governments,' Public Finance Quarterly, Vol. 20 (1992), pp. 499-511

'The Deductibility of State and Local Taxes,' National Tax Journal, Vol. 38 (1985), pp. 447-65

"Comment on 'The Deductability of State and Local Taxes,' 'National Tax Journal, Vol. 40, 1987, pp. 95-102

'Tax Reform: Implications for the State-Local Public Sector, 'Journal of Economic Perspectives, Vol. 1, Summer, 1987, pp. 87-100

The Private Use of Tax-Exempt Bonds. Washington, Urban Institute Press, 1991, (Ch. 5) pp. 83-111

'State Tax Policy and Economic Development: What Should Governors Do When Economists Tell Them Nothing Works?' in New York Affairs, Vol. 9 (1986), pp. 19-36

Applications: The Fiscal Conditions of Cities (Fisher's Part 5)

'Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis,' American Economic Review, Vol. LVII, No. 3, 1967

'The City as a Distorted Price System,' The Urban Economy, H. Hochman, ed., New York: W. W. Norton, 1976, pp. 74-86

Moody's Investors Service, 'City of New York, New York,' Municipal Credit

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