The impacts of air quality regulations under the Clean Air Act extend beyond directly regulated polluting industries; these regulations also affect the tax bases of local governments. To assess the local fiscal effects of nonattainment regulations under the Clean Air Act, this article analyzes...

This article investigates the impact of state-level tax and expenditure limits (TELs) on state government revenues and aid to local governments. Using an instrumental variable approach to control for endogeneity, the authors find that the general fund TELs (i.e., revenue and expenditure limits)...

This study develops a model of school budget decision making and examines the nature of state aid estimation. Revenue estimation can be divided into three distinct components: strategy-driven difference, uncertainty-triggered difference, and true error term. Underestimation of state aid revenues...