EBOOK Oxford Handbook of State and Local Government Finance -

EBOOK Oxford Handbook of State and Local Government Finance

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Wydawnictwo: Oxford University Press
ISBN: 9780199938315
EAN: DA7CE53AEB
Format: 0,0 x 0,0 x 0,0
Oprawa: ...
Stron: 1056
Data wydania: 2012
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State and local government fiscal systems have increasingly become vulnerable to        economic changes. Over the past three decades, state and local deficits during        economic recession have been larger and deeper each time. The impact of the Great        Recession and its aftermath of feeble growth and lingering high unemployment has        been dramatic both in scope and intensity. Before the crisis, long-term structural        deficits were persistent for both individual governments and the entire sector as        spending plans and patterns outpaced governments' revenue-generating capacity. The        revenue systems of these governments eroded while the workloads and scope on the        expenditure side of the state and local system budget continued to grow.This        handbook evaluates the persistent problems in the fiscal systems of state and local        governments and what can be done to solve them. It contains 35 chapters authored by        60 practitioners and academics who are renowned scholars in state and local finance.          Each chapter provides a description of the discipline area, examines major        developments in policy, practices and research, and opines on future prospects. The        chapters are divided into four sections. Section I is a systematic discussion of the        institutional, economic, and political framework that provides a background for        understanding the structure and financial performance of the state and local sector.          The chapters in Section II provide an overview of the various components of state        and local revenue systems and how they reacted to the Great Recession. They analyze        the diverse forms of taxes and charges in detail, prescribe remedies and        alternatives, and examine the implications for future revenue performance. Chapters        in Section III turn to spending, borrowing and financial management in the state and        local sector. The focus is on the big six service delivery sectors: education,        health care, human services, transportation, pensions, and housing. Section IV is a        set of chapters that look ahead and speculate about how the state and local        government sector's money-raising, spending, and service delivery structures will        adjust to the new circumstances.

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