Minimizing The Harm Of State Fiscal Volatility, 2010 Indiana University Maurer School of Law
Minimizing The Harm Of State Fiscal Volatility, David Gamage, Jeremy Bearer-Friend
Articles by Maurer Faculty
This report’s primary concern is how U.S. state governments should respond to the fiscal volatility created by their balanced budget constraints. Applying the principles of risk allocation theory to this recurring problem, we conclude that states should primarily adjust the rates of broad-based taxes as their economies cycle, rather than fluctuating public spending.
Proposition 13 And The California Fiscal Shell Game, 2010 Duke Law School
Proposition 13 And The California Fiscal Shell Game, Colin H. Mccubbins, Mathew D. Mccubbins
We study the effects of California’s tax and expenditure limitations, especially Proposition 13. We ﬁnd that Proposition 13 was indeed effective at reducing both ad valorem property taxes per capita and total state and local taxes per capita, at least in the short run. We further argue that there have been unintended second- ary effects that have resulted in an increased tax burden, undermining the aims of Proposition 13. To circumvent the limits imposed by Proposition 13, the state has drastically increased nonguaranteed debt, has privatized the public ﬁsc, and has devolved the authority to lay and collect taxes ...
Managing Fiscal Volatility By Redefining ‘Tax Cuts’ And ‘Tax Hikes’, 2009 Berkeley Law
Managing Fiscal Volatility By Redefining ‘Tax Cuts’ And ‘Tax Hikes’, David Gamage, Jeremy Bearer-Friend
This report analyzes how states should cope with fiscal volatility at the level of institutional-design policy. We propose that states reconsider how they define terms like ‘‘tax cuts’’ and ‘‘tax hikes.’’ By adopting a new baseline for defining those terms, states can increase the likelihood of using tax rate adjustments to cope with fiscal volatility rather than more harmful spending fluctuations.
Vacant Property Registration Ordinances, 2009 Emory University
Vacant Property Registration Ordinances, Benton Martin
Benton C. Martin
The Unfulfilled Promise Of The Indian Commerce Clause And State Taxation, 2009 University of Connecticut School of Law