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Title:Measuring disparities in non-school costs and revenue capacity among Massachusetts cities and towns PDF Logo
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
Document Type:Working Paper
Appears in Collections:Working Paper Series, Federal Reserve Bank of Boston

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