This paper explores patterns of governance and public finance in development through dissecting the substantiation of transportation infrastructure. We propose three propositions: modern society has increasing demands for government in promoting socio-economic progress; infrastructure is the...

This paper explores how the saving behavior of state governments is affected by adopting the budget stabilization fund (BSF) and by the state's balanced budget requirements (BBR). As a fiscal/budgetary institution, BSFs with unique design features and varying combinations of the BBR articles...

States are financing a larger share of capital investment by school districts but little is known about district response to facility aid programs. This paper addresses this gap by examining how a short-term increase in the matching rate for the Building Aid program in New York affected district...

Traditionally, financing the construction of school facilities has been a local responsibility. In the past several decades, states have increased their support for school facilities. Using data collected from various sources, this study first classifies the design of capital aid programs in all...

States are financing a larger share of capital investment by school districts but little is known about how districts respond to facility aid programs. Our paper addresses this gap in the literature by examining how a short-term increase in the matching rate for the Building Aid program in New...