Brien, Spencer T.
Compensating changes to the property tax levy? : an empirical test of the residual rule / Spencer T. Brien .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
The residual view of the property tax assumes that local governments set their levies equal to the difference between budgeted expenditures and expected receipts fromother revenues. This approach allows them to adjust the levy to
achieve greater overall revenue stability potentially at the cost of tax predictability. This article presents a formal model of the residual rule and uses it to test whether this active approach to property tax administration describes observed fiscal behavior. This test is conducted using data from county governments
inGeorgia over a fifteen-year period.The results support the validity of the residual rule over an alternative model of passive tax administration.
PROPIEDAD
IMPUESTOS
PROPERTY TAX
GASTO PUBLICO LOCAL
ESTABILIDAD PRESUPUESTARIA
MODELOS ECONOMETRICOS
Public Finance Review 0048-5853 v. 46, n. 6, November 2018, p. 949-973
Compensating changes to the property tax levy? : an empirical test of the residual rule / Spencer T. Brien .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
The residual view of the property tax assumes that local governments set their levies equal to the difference between budgeted expenditures and expected receipts fromother revenues. This approach allows them to adjust the levy to
achieve greater overall revenue stability potentially at the cost of tax predictability. This article presents a formal model of the residual rule and uses it to test whether this active approach to property tax administration describes observed fiscal behavior. This test is conducted using data from county governments
inGeorgia over a fifteen-year period.The results support the validity of the residual rule over an alternative model of passive tax administration.
PROPIEDAD
IMPUESTOS
PROPERTY TAX
GASTO PUBLICO LOCAL
ESTABILIDAD PRESUPUESTARIA
MODELOS ECONOMETRICOS
Public Finance Review 0048-5853 v. 46, n. 6, November 2018, p. 949-973