This paper analyzes the distribution of discretionary transfers from higher tiers of government in the process of fiscal adjustment in local jurisdictions which were hit by a negative revenue shock in formula transfers. Spanish local governments experienced a 30% fall in their revenue-sharing...

This article begins with an examination of the evolution of the federal government's predominant role in collecting and spending revenues for social programs, including housing. It traces the growth of federal spending, and the evolution of federally assisted programs for housing. It continues...