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This study focuses on the impacts state shared revenues has on local government finances. Specifically we examine what is referred to in the academic literature as the "flypaper effect." Using a simple model of local fiscal behavior Bradford and Oates (1971a, 1971b) predict that aids to local...
Persistent link: https://www.econbiz.de/10005350371
Wisconsin is generally viewed as a high tax state. Depending on how one measures tax burdens, Wisconsin's rankings range from either the top five, or right in the middle of the national average. While these rankings have always been a source of discussion in Wisconsin, the state's current budget...
Persistent link: https://www.econbiz.de/10005350374
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This applied research project examines questions concerning the economic efficiency of municipal government spending and taxation levels in Wisconsin. Using economic notions of local government effectiveness and efficiency, a theoretical and empirical model is presented and estimated using data...
Persistent link: https://www.econbiz.de/10005553887