DPA Research & Policy Seminar Series: Xiaoheng Wang from UIC DPA
February 1, 2019
12:00 PM - 1:00 PM
Location
Lower Level, Conference room 1, CUPPA Hall
Address
412 S Peoria Street, Chicago, IL 60607
Calendar
Download iCal FileDPA Research & Policy Seminar Series - Xiaoheng Wang.
The Effects of State-Imposed Tax and Expenditure Limitations (TELs) on Municipal Financial Condition: Evidence from Large American Cities
Since the Great Recession, declining revenues and increasing needs for public goods and services have become a growing concern for municipalities that serve as a key provider for citizens’ local services. In this sense, local governments’ ability to sustain a healthy fiscal structure and meet service obligations is critical to avoid financial hardships and relieve tension between public administrators and citizens, especially when facing recessions. Financial condition reflects a government’s capacity to meet both short/long-term and service obligations, and it is related to different characteristics of government’s internal fiscal structure and external fiscal and political environment. This talk will mainly focus on one of institutional factors—state-imposed tax and expenditure limitations (TELs) on local governments. Understanding institutional influences on municipal financial condition can guide local officials to be more cautious and prudent and try to avoid the negative effects when making financial policies.
Date posted
Jan 7, 2019
Date updated
Jan 29, 2019