Public subsidies for private purposes

A discussion of the use of municipal debt issues to fund publicly supported stadiums, focusing on the role of federal tax exemption as a hidden subsidy in reducing local funding costs and on the rationale for seeking public subsidies of private, local facilities.

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Year of publication:	1991
Authors:	Osterberg, William P.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 1991, Apr, 2
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Municipal finance \| Securities \| Tax-exempt

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005717884