What About the Losers in the Race to the Top?
20 Pages Posted: 24 Jul 2013
Date Written: July 20, 2013
This paper examines the claim that local officials ought to maximize property values and its corollary, the link between resources and location. It argues that, from the standpoint of democratic governance, the most important criterion by which any institutional arrangement should be judged is the degree to which it promotes citizen engagement and participation in the management of the polity. It tentatively concludes that, from this standpoint, our idiosyncratic system of fiscal federalism appears to work fairly well in general and specifically with respect or the governance of public education.
Keywords: schools, home-voter hypothesis, school districts, property taxes
JEL Classification: H7, I2, D7
Suggested Citation: Suggested Citation