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The state of the state and local government sector: fiscal issues in the Seventh District

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  • Richard H. Mattoon
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    Abstract

    This article reviews the state and local budget situation, particularly in the states of the Seventh Federal Reserve Districts (Illinois, Indiana, Iowa, Michigan, and Wisconsin). These states have pursued different fiscal policies over the last decade and have relied on different tax structures to pay for government, yet all are facing significant budget shortfalls.

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    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2004/ep_1qtr2004_part1_mattoon.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

    Volume (Year): (2004)
    Issue (Month): Q I ()
    Pages: 2-17

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    Handle: RePEc:fip:fedhep:y:2004:i:qi:p:2-17:n:v.28no.1

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    Keywords: Fiscal policy ; Budget;

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    1. Kusko, Andrea L. & Rubin, Laura S., 1993. "Measuring the Aggregate High-Employment Budget for State and Local Governments," National Tax Journal, National Tax Association, vol. 46(4), pages 411-23, December.
    2. Donald Bruce & William F. Fox & M.H. Tuttle, 2006. "Tax Base Elasticities: A Multi-State Analysis of Long-Run and Short-Run Dynamics," Southern Economic Journal, Southern Economic Association, vol. 73(2), pages 315–341, October.
    3. Sobel, R.S. & Holcombe, R.G., 1992. "Cyclical Variability in State Government Revenues," Working Papers, Department of Economics, Florida State University 1992_06_7, Department of Economics, Florida State University.
    4. Robert Tannenwald, 2001. "Are state and local revenue systems becoming obsolete?," New England Economic Review, Federal Reserve Bank of Boston, pages 27-43.
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