The last few decades have presented a new set of challenges and
opportunities for public finances. Demographic trends have put
substantial pressure on non-discretionary public expenditures such
as health care, while legal challenges have put pressure on
education financing. The author illustrates how these national
trends have also impacted state and local finances ? some directly,
others indirectly. The economic downturn further constrains state
and local governments? options for dealing with national trends.
Constituents? sentiment toward the size of government further
exacerbates fiscal choices for state and local governments.In this
broad and illuminating volume, experts on public finance discuss
innovations in state and local tax policy implemented or considered
over the course of the last three decades. The authors provide
original work that analyzes whether state and local governments
have ?gone outside the box? to deal with the strains of current
public finances or have gotten along by adhering to the status quo.
Well-known scholars in the area of state and local public finance
consider actual practices and analyze potential policy changes for
the future.Public policy and public finance scholars and students
as well as policy makers will find much of interest in this
impressive and original collection.
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