Abstract

http://ssrn.com/abstract=1931849
 
 

References (25)



 
 

Citations (1)



 


 



Measuring Disparities in Non-School Costs and Revenue Capacity Among Massachusetts Cities and Towns


Katharine Bradbury


Federal Reserve Bank of Boston

Bo Zhao


Federal Reserve Bank of Boston

2007

FRB of Boston Working Paper No. 06-19
FRB of Boston Public Policy Discussion Paper No. 06-3

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.

Number of Pages in PDF File: 33

Keywords: fiscal disparities, municipal costs, revenue capacity, property tax, state aid, tax limitation

JEL Classification: H70, H71, H72, H73, H77, H83, H20

working papers series





Download This Paper

Date posted: September 22, 2011  

Suggested Citation

Bradbury, Katharine and Zhao, Bo, Measuring Disparities in Non-School Costs and Revenue Capacity Among Massachusetts Cities and Towns (2007). FRB of Boston Working Paper No. 06-19; FRB of Boston Public Policy Discussion Paper No. 06-3. Available at SSRN: http://ssrn.com/abstract=1931849 or http://dx.doi.org/10.2139/ssrn.1931849

Contact Information

Katharine Bradbury (Contact Author)
Federal Reserve Bank of Boston ( email )
600 Atlantic Avenue
Boston, MA 02210
United States
Bo Zhao
Federal Reserve Bank of Boston ( email )
600 Atlantic Avenue
T-10
Boston, MA 02210
United States
617-973-3061 (Phone)
617-619-8357 (Fax)
HOME PAGE: http://sites.google.com/site/bozhao/
Feedback to SSRN


Paper statistics
Abstract Views: 176
Downloads: 7
References:  25
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.265 seconds