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Special districts and local government debt an analysis of " Old Northwest Territory " states Dagney Faulk and Larita Killian

By: Faulk, Dagney Gail.
Contributor(s): Killian, Larita.
Material type: ArticleArticlePublisher: 2017Subject(s): HACIENDAS LOCALES | DEUDA PUBLICA LOCAL | ESTADOS UNIDOS In: Public Budgeting &amp Finance ; v. 37, n. 1, Spring 2017, p. 112-136Summary: Special districts potentially offer a way for local governments toissue more debt thanallowed 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 specialdistricts in a county is positively related to local government debt in four of the fivestates examined (Indiana, Michigan, Ohio, and Wisconsin). The results for Illinoiswere insignificant.
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Disponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión. Bibliografía.

Special districts potentially offer a way for local governments toissue more debt thanallowed 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 specialdistricts in a county is positively related to local government debt in four of the fivestates examined (Indiana, Michigan, Ohio, and Wisconsin). The results for Illinoiswere insignificant.

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