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Book Can the States Afford Devolution? (Devolution Revolution)


Can the States Afford Devolution? (Devolution Revolution)

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    Available in PDF - DJVU Format | Can the States Afford Devolution? (Devolution Revolution).pdf | Language: ENGLISH
    Harold A. Hovey (Author)

    Book details

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.
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  • Pdf

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Formats for this Ebook

Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch.
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes

Book details

  • PDF | 120 pages
  • Harold A. Hovey (Author)
  • Brookings Institution (Oct. 1998)
  • English
  • 9
  • Business, Finance Law

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