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The effects of tax and expenditure limitations on the fiscal decisions of municipal governments
Descriptive
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Title
The effects of tax and expenditure limitations on the fiscal decisions of municipal governments
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Rose
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Wilson K.
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Wilson K. Rose
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Sarath
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Bharat
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Bharat Sarath
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Advisory Committee
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chair
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Brown-Liburd
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Helen
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Helen Brown-Liburd
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internal member
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Palmon
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Dan
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Dan Palmon
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Advisory Committee
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internal member
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Baber
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William
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William Baber
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Advisory Committee
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Rutgers University
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degree grantor
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Graduate School - Newark
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theses
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2017
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2017-05
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2017
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xx
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eng
Abstract
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This dissertation consists of four essays that introduce tax and expenditure limitations (TELs), examine their effectiveness, identify potential unintended impacts of the TELs, and discuss future beneficial research. TELs impose financial restrictions onto municipalities, however exceptions in these laws allow municipalities to exceed stated thresholds. This creates uncertainty regarding the effectiveness of these laws. This dissertation examines TEL efficacy, in addition to providing insights regarding unintended consequences of these laws. I utilize methodologies which account for the endogenous relationship between TEL enactment and fiscal policy. The first essay provides background regarding the types of tax and expenditure limitations, their intended effects, and how certain technical aspects of their enactment may allow for circumvention of the stated limits. In the second essay, I examine how municipal finances are affected by TELs. The main goals of TELs are to reduce the property tax burden of residents and reduce the size of government. I find evidence that property tax burden is reduced following implementation of TELs. However, I do not find strong evidence that expenditures are significantly reduced. Additionally, I do not find consistent evidence of reductions in expenditure growth. Essay three examines potential unintended consequences of TELs. I find there are potential consequences of these TELs beyond the two main goals of reduced property tax burden and government size reduction. One consequence is a reduced proportion of spending on productive services. In addition, I find evidence that municipalities may anticipate the enactment of the laws and react by increasing the proportion of service expenditures just before the law goes into effect. The negative implication of this anticipation is that accelerated expenditures, if sub optimally funded by debt, could be costly for the municipality in the long term. The final essay discusses future research that could provide insights regarding methods to help ensure that municipalities effectively implement financial policies under tax and expenditure limits. This essay posits that GAAP reporting standards and high quality audits may aid in limiting TEL limit circumvention. An exploratory examination of the association of GAAP standards and municipal financial decisions is performed.
Subject
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Topic
Management
Subject
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Topic
Accounting
Subject
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Topic
Taxation
Subject
(authority = ETD-LCSH)
Topic
Municipal government
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Rutgers University Electronic Theses and Dissertations
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ETD_8130
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electronic resource
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application/pdf
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Extent
1 online resource (xi, 100 p. : ill.)
Note
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Ph.D.
Note
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Includes bibliographical references
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by Wilson K. Rose
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Graduate School - Newark Electronic Theses and Dissertations
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rucore10002600001
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doi:10.7282/T3H41VCS
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ETD doctoral
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Rights
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The author owns the copyright to this work.
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Name
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Rose
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Wilson
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K.
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Permission or license
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2017-04-26 14:44:24
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Wilson Rose
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Rutgers University. Graduate School - Newark
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Author Agreement License
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I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
Copyright
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Copyright protected
Availability
Status
Open
Reason
Permission or license
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