Special Districts and Local Government Debt: An Analysis of 'Old Northwest Territory' States

23 Pages Posted: 9 Mar 2017

See all articles by Dagney Faulk

Dagney Faulk

Ball State University - Center for Business and Economic Research

Larita Killian

Indiana University Purdue University Indianapolis (IUPUI)

Date Written: Spring 2017

Abstract

Special districts potentially offer a way for local governments to issue more debt than allowed by debt limits. This research examines the relationship between the number of special districts in a county and local government debt levels. Using data from states formed from the Northwest Territory and controlling for other local governments, demographic, and fiscal factors, we find that the number of special districts in a county is positively related to local government debt in four of the five states examined (Indiana, Michigan, Ohio, and Wisconsin). The results for Illinois were insignificant.

Suggested Citation

Faulk, Dagney and Killian, Larita, Special Districts and Local Government Debt: An Analysis of 'Old Northwest Territory' States (Spring 2017). Public Budgeting & Finance, Vol. 37, Issue 1, pp. 112-134, 2017, Available at SSRN: https://ssrn.com/abstract=2929398 or http://dx.doi.org/10.1111/pbaf.12122

Dagney Faulk (Contact Author)

Ball State University - Center for Business and Economic Research ( email )

Muncie, IN 47306-0340
United States
765-285-5152 (Phone)
765-285-8024 (Fax)

Larita Killian

Indiana University Purdue University Indianapolis (IUPUI) ( email )

1309 E. 10th St.
Indianapolis, IN 47405
United States

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