Can the states afford devolution? : the fiscal implications of shifting federal responsibilities to state and local governments
Author(s)
Bibliographic Information
Can the states afford devolution? : the fiscal implications of shifting federal responsibilities to state and local governments
（The devolution revolution）
Century Foundation Press, c1999
- : pbk
Available at / 6 libraries
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Library of Education, National Institute for Educational Policy Research
: pbk336.73||1012101291
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Note
"A Century Foundation report"
Includes index
Description and Table of Contents
Description
One underlying premise of the move toward devolution is that states are more capable of successfully managing various tasks than the federal government because they are better able to adapt to the particular challenges within their borders. The resources available to states to carry out those duties, however, are also limited to their ability to raise revenues from their own residents. In this report, Harold A. Hovey explores the constraints that states face in collecting taxes and assesses which states are best and least prepared to finance any added responsibilities. Among the forces Hovey examines that affect state fiscal capacity: competitive pressures among states to keep taxes low, tax systems that may or may not collect revenue at the same rate that incomes rise, the impact of local and national economic cycles, the economic resources within each state, and mismatches between revenues and needs. Harold A. Hovey is the president of State Policy Research, Inc., and the editor of its newsletters State Policy Reports and State Budget and Tax News.
Formerly Ohio's finance director and Illinois' budget director, he has served as a senior fellow for public finance on the staff of the National Governors' Association.
by "Nielsen BookData"
