Economic Conditions and State and Local Education Revenue

24 Pages Posted: 13 Oct 2009

See all articles by James Alm

James Alm

Tulane University

Robert D. Buschman

Georgia State University

David L. Sjoquist

Georgia State University

Abstract

This article uses information on state and local education spending from 1989–1990 through 2005–2006 to examine the impact of economic conditions on the pattern of real revenue per student. We find that typical economic and other observable education demand determinants are significant in explaining the pattern of real revenue per student before and after the 2001 recession. We also find that there is no economically significant change in how governments responded to economic conditions after the 2001 recession. Finally, our results provide strong evidence that local governments attempted to offset state declines in revenues by increases in local revenues.

Suggested Citation

Alm, James and Buschman, Robert D. and Sjoquist, David L., Economic Conditions and State and Local Education Revenue. Public Budgeting & Finance, Vol. 29, Issue 3, pp. 28-51, Fall 2009, Available at SSRN: https://ssrn.com/abstract=1487810 or http://dx.doi.org/10.1111/j.1540-5850.2009.00935.x

James Alm (Contact Author)

Tulane University ( email )

United States
5048628344 (Phone)

Robert D. Buschman

Georgia State University

35 Broad Street
Atlanta, GA 30303-3083
United States

David L. Sjoquist

Georgia State University ( email )

P.O. Box 3992
Atlanta, GA 30302-3992
United States
404-413-0246 (Phone)

HOME PAGE: http://frp.aysps.gsu.edu/sjoquist/index.html

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