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http://hdl.handle.net/10419/55583
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| Title: | | Measuring disparities in non-school costs and revenue capacity among Massachusetts cities and towns  |
| Authors: | | Bradbury, Katharine Zhao, Bo |
| Issue Date: | | 2007 |
| Series/Report no.: | | Working paper series // Federal Reserve Bank of Boston 06-19 |
| Abstract: | | This paper develops new measures of environmental costs and local revenue capacity as the basis for a new municipal aid formula in Massachusetts. On the cost side, unlike previous studies, we quantify the effects on local non-school spending of characteristics related to uncontrollable costs. On the capacity side, we account for the constraints of a tax limitation, for the first time in the literature, by estimating these constraints as a function of residents' incomes. The estimates of costs and capacity indicate substantial inter-local fiscal disparities in Massachusetts. Our approach is potentially applicable to other states. |
| Subjects: | | Fiscal disparities municipal costs revenue capacity property tax state aid tax limitation |
| JEL: | | H70 H71 H72 H73 H77 H83 H20 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series, Federal Reserve Bank of Boston
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