The textbook view of the real property tax is that the tax rate is simply a residual, determined by dividing the revenue to be raised from the property tax by the taxable base of assessed values. As such, tax rate adjustment is automatic and changes in assessed values are neutral with respect to...

Local public services are produced through various overlapping jurisdictions. This study examines how the issuance of municipal general obligation bonds is affected by the tax policies of overlapping local governments. The findings challenge the hypothesis that the shared tax base would be...

C<sc>arr</sc> D. and Y<sc>an</sc> W. Federal environmental policy and local industrial diversification: the case of the Clean Air Act, <italic>Regional Studies</italic>. Air-quality regulations under the Clean Air Act alter local industrial diversification by reducing concentration in polluting sectors of the economy for...

The capital structure of nonprofit organizations plays a crucial role in their sustainability and development. This article explores the extent to which revenue diversification is incorporated into the leverage decision. In addition, this study investigates whether government grants have an...