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An Evaluation of Alternative Tax and Expenditure Limitation Policies on Kansas Local Governments
Author(s) -
SPRINGER JOB D.,
LUSBY AARON K.,
LEATHERMAN JOHN C.,
FEATHERSTONE ALLEN M.
Publication year - 2009
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/j.1540-5850.2009.00928.x
Subject(s) - economics , property tax , limit (mathematics) , revenue , public economics , per capita , aggregate expenditure , tax policy , ad valorem tax , government (linguistics) , fiscal policy , time limit , tax revenue , tax reform , monetary economics , finance , mathematical analysis , population , demography , mathematics , management , sociology , linguistics , philosophy
Cross‐sectional time series data in a partial adjustment model are used to examine county government fiscal behavior under a “hard” tax and expenditure limitation policy, an aggregate property tax levy limit, versus a “soft” limit under Truth in Taxation in Kansas. Results indicate that under the aggregate levy limit, per capita property taxes, own‐source revenues and own‐source expenditures were significantly higher than under the Truth in Taxation policy where local officials face many fewer restrictions on their ability to raise the levy.