Dean Pagano writes on “City Budgets in an Era of Increased Uncertainty”
Dean Michael A. Pagano was one of the authors for a report just released by the Brookings Metropolitican Policy Program. It discusses the variations between cities’ revenue sources and budgetary constraints that shape their ability to carry out new mandates or raise additional revenues. In other words, given their unique fiscal positions, cities will not respond uniformly to structural shifts—and potential devolution—within American federalism. This report defines and assesses cities’ fiscal policy space, surveying 100 large cities across four factors: tax authority, taxation and expenditure constraints, fiscal base alignment, and demand for services.
Check out the link for the full article!