Intergovernmental Revenue Estimation
AbstractThis study develops a model of school budget decision making and examines the nature of state aid estimation. Revenue estimation can be divided into three distinct components: strategy-driven difference, uncertainty-triggered difference, and true error term. Underestimation of state aid revenues is the dominant budgetary behavior, but a significant number of districts end up with undesired overestimation. Overestimation is more prevalent among high aid dependent, rural, and urban districts. Institutional constraints, such as local budget vote, tend to reduce the size of state aid estimation difference. The uncertainty-triggered difference tends to increase as a response to compounded negative signals (low levels of Governor's proposal on state aid and late state budgets). Although there is evidence that state aid estimation differences ultimately end up in the fund balance, this study could not confirm that lower levels of prior year fund balances would trigger districts into a more aggressive underestimation of state aid.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by in its journal Public Finance Review.
Volume (Year): 37 (2009)
Issue (Month): 3 (May)
Contact details of provider:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.