This paper examines the fiscal motives behind municipal governments' decisions to allocate commercial and residential land when two categories of land use are subject to different fiscal revenue alternatives: business-related tax and/or land rent. We use urban parcel-level land transfers during...

This paper explores (dis-)economies of scale in property value assessment via cooperative agreements among small tax assessing jurisdictions without consolidation. New York State incentivizes small neighboring towns to unify their assessment function while maintaining respective tax authority;...

This article examines the development of public budgeting since the Industrial Revolution to offer an explanatory framework on budgeting as a governance instrument. The article proposes that budgeting has evolved as innovations in financial administration to respond to socio-economic challenges...

This article divides the era of performance-based budgeting (PBB) into three periods: rise and development in the 1990s, continuation and peak in the 2000s and level-off afterwards. The article examines the performance of PBB on four aspects: development of performance measures, its use in...

The funding of basic education is provided via different schemes. In the United States, local sources had long been dominant; equity concerns later pulled in the state for resource equalization under constitutional considerations. Another scheme is the involvement of the central government. In...

Deficits and debts are very complex issues for eternal public debate. The norm of budget balance - whether as a value judgment or ideal, as a political symbol or as a budgetary principle - often appears in literature and public debate over federal budgetary and fiscal policies. This paper offers...

Crowdfunding is an alternative funding mechanism whereby innovators can access funding for their projects using a variety of “payback” options to investors – from traditional rewards such as equity, dividends and repayments with interest to non-monetary rewards such as physical or digital...

This paper explores the fungibility between earmarked local option sales taxes and general revenue. We predict that as the adjustment costs to the budget grow, there will be less compensation from general revenue. We use national county level data from 1983 to 2004 to examine the effects of...

A growing literature has sought to demonstrate when and how government capacity links to performance. This article examines those questions in the area of financial management. A basic challenge for state governments is to maintain budgetary stability and program predictability in face of...

In the study of state-local relations, interactions between the two layers in fiscal policy are an important area. States direct and exercise oversight over local governments, also provide substantial financial assistance. These have played into the state-local interactions in their fiscal...