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Table of Contents
Introduction and Overview
Part I: Theoretical Framework
Budget Stabilization at the Local Level
Parameters in the Study of Local Government Budget Stabilization
Part II: Evidence from General and Single Purpose Governments
Metropolitans: nationwide
Counties: North Carolina
Municipalities: Wisconsin
School districts: New York
Transportation districts: California
Part III: Impacts on Financial Management
Local Savings and State-Local Grants
Pension systems
Local Option Sales Tax and Revenue Smoothing
Part V: Retrospect and Prospect on Counter-Cyclical Fiscal Policy
Retrospect and Prospect on Counter-Cyclical Fiscal Policy
Conclusion.
Part I: Theoretical Framework
Budget Stabilization at the Local Level
Parameters in the Study of Local Government Budget Stabilization
Part II: Evidence from General and Single Purpose Governments
Metropolitans: nationwide
Counties: North Carolina
Municipalities: Wisconsin
School districts: New York
Transportation districts: California
Part III: Impacts on Financial Management
Local Savings and State-Local Grants
Pension systems
Local Option Sales Tax and Revenue Smoothing
Part V: Retrospect and Prospect on Counter-Cyclical Fiscal Policy
Retrospect and Prospect on Counter-Cyclical Fiscal Policy
Conclusion.