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How America Permitted The Great Recession, Robert A. Moss Iii
How America Permitted The Great Recession, Robert A. Moss Iii
Honors Program Theses and Projects
Many people have thrown out many ideas as to how the Great Recession happened. Some blame the banks, some blame the system, and others blame the lawmakers. The truth is much more complicated, and many different events lined up to make it happen. The essential fact is that there would likely have been a recession in the 2000s as a result of the commodities price recession of the 90s. What made the recession bad enough to be called the Great Recession was the gradual de-regulation that occurred after Glass-Steagal. Primarily, this paper will deal with the laws surrounding the banking …
The Impact Of Proposition 2-½ Overrides: Does A Town’S Approval Or Rejection Impact Property Values?, Rebecca Guerrier
The Impact Of Proposition 2-½ Overrides: Does A Town’S Approval Or Rejection Impact Property Values?, Rebecca Guerrier
Honors Program Theses and Projects
The purpose of Proposition 2-½, a property tax measure enacted in 1980, was to reduce government spending and increase efficiency through local tax restrictions in Massachusetts. It imposes a limit on the total amount of property taxes a certain town can raise every year. Towns are allowed to override their levy limit in order to collect more taxes for new constructions or the renovation of public properties such as schools. The main focus of this paper is to study the impact that overrides have on property values and whether bond issuance would be a better alternative, given the tradeoff between …