Cutler, David M.; Elmendorf, Douglas W.; Zeckhauser, Richard - Federal Reserve Board (Board of Governors of the … - 1997
We examine the effects of Proposition 2-1/2--a property tax limitation law approved by Massachusetts voters in 1980--and assess voter satisfaction with these effects. We find that the proposition had a smaller effect on local revenues and spending than expected, as a result of both amendments to...