Growth and variability os school district income tax revenues : is tax base diversification a good idea for school financing? Joshua C. Hall and Antonios M. Koumpias
By: Hall, Joshua C
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Contributor(s): Koumpias, Antonios M.
Material type: 
ArticlePublisher: 2018Subject(s): CENTROS DOCENTES | FINANCIACION | RENTA | IMPUESTOS | ESTADOS UNIDOSOnline resources: Click here to access online
In:
Contemporary Economic Policy v. 36, n. 4, October 2018, p. 678-691Summary: School districts in Ohio have the option of diversifying their revenue base by adopting income taxes. Using a panel of Ohio school districts that adopted a local income tax from 1990 to 2008, we find that revenues are procyclical and fluctuate only mildly. The estimated short- and long-run income elasticity of school district income tax revenues is 1.05 and 1.04, respectively. We also find that the school district tax base fully adjusts to its long-run equilibrium within 2 years. Finally, we show that school district income tax adoption does not provide more stability to total school district tax revenues in the short or the long run.
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| OP 1634/2018/3-1 Longevity, working lives and public finances | OP 1634/2018/3-2 Lifetime taxpayer contributions and benefits of medicare and social security | OP 1634/2018/4 Contemporary Economic Policy | OP 1634/2018/4-1 Growth and variability os school district income tax revenues | OP 1634/2019/1 Contemporary Economic Policy | OP 1634/2019/2 Contemporary Economic Policy | OP 1634/2019/2-1 Do tax cuts encourage rent seeking by top corporate executives ? |
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Resumen.
School districts in Ohio have the option of diversifying their revenue base by adopting income taxes. Using a panel of Ohio school districts that adopted a local income tax from 1990 to 2008, we find that revenues are procyclical and fluctuate only mildly. The estimated short- and long-run income elasticity of school district income tax revenues is 1.05 and 1.04, respectively. We also find that the school district tax base fully adjusts to its long-run equilibrium within 2 years. Finally, we show that school district income tax adoption does not provide more stability to total school district tax revenues in the short or the long run.
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