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Full-Text Articles in Social and Behavioral Sciences
Revenue Sources For State And Local Governments: Criteria For Choice, Philip Favero
Revenue Sources For State And Local Governments: Criteria For Choice, Philip Favero
Economics Staff Paper Series
Citizen dissatisfaction with taxes is a theme which has recurred often in American history--from the Tea Party at Boston to Proposition 13 in California. As before, tax dissatisfaction in its current form is prompting changes in: the level of government expenditures; the mix of revenue sources used to finance expenditures; and the structure of institutions created to provide public services. Much of the local tax reform effort is focused on state and local finance systems and especially on the real property tax. Citizen participation in reform efforts is an example of democracy in action. Yet, the quality of reforms achieved …
A Primer On Macroeconomics For South Dakotans, Philip Favero
A Primer On Macroeconomics For South Dakotans, Philip Favero
Economics Staff Paper Series
What is macroeconomics, you ask; and what does it mean to me? Macroeconomics is the study of aggregate economic conditions, such as a nation's employment, unemployment, and general price levels. Throughout history nations have experienced boom-to-bust cycles--times of employment and prosperity, followed by times of unemployment and hardship. Macroeconomics provides policy makers with ideas to promote economic stability - ways to combat the twin economic evils of unemployment and inflation.
The Dakota Proposition: An Economic Analysis, Philip Favero
The Dakota Proposition: An Economic Analysis, Philip Favero
Economics Staff Paper Series
The Dakota Proposition, an initiated proposal to amend the South Dakota State Constitution, will appear on the 1980 ballot. The Proposition would seem to have far reaching implications. Yet, what are these implications? Will the Proposition be a boon to taxpayers, a calamity for government, or both? Three major provisions are included in the Proposition. These are: I. A reduction or rollback of taxes on real property to one percent of Full and True value, determined by assessments performed in 1977; 2. A ceiling of two percent annual growth in the Full and True value of real property for any …