Local Government Budget Stabilization

Hou, Yilin

doi:10.1007/978-3-319-15186-1

2015

DOI: 10.1007/978-3-319-15186-1

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Local Government Budget Stabilization

Yilin Hou¹

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Cited by 3 publications

References 73 publications

(153 reference statements)

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Saving for Natural Disasters: Evidence From Pennsylvania Local Governments

Arapis

Chatterjee

2022

State and Local Government Review

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For all governments—federal, state, or local—natural disasters impose significant costs. Among the three, local governments typically respond first using their own resources. Thus, a proactive fiscal mechanism providing resources for initiating disaster response (e.g., emergency debris removal, medical services, rescue) appears necessary, especially for governments vulnerable to disasters. This study explores the role of natural disasters on fiscal savings strategy using data collected by Pennsylvania municipal executives via our Pandemic Management Survey. Following our findings, Pennsylvania local governments appear to weigh both their experiences and preparedness level to face a disaster. While more disaster experiences motivated fiscal savings accumulation, lower savings were retained among prepared governments. As such, disaster learning and adaptation not only could limit loss of life and property, but also lead to an efficient fiscal savings strategy.

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Saving for Natural Disasters: Evidence From Pennsylvania Local Governments

Arapis

Chatterjee

2022

State and Local Government Review

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An Exploration of the Great Recession's Impact on States’ Reliance on User Fees

Propheter,

Levine,

Fudge

2017

Public Finance and Management

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Drawing on a panel of US states from 2000 to 2013, we take advantage of the onset of the Great Recession to observe how states’ reliance on user fees changed as a result of the precipitous decline in tax revenue attending the global economic contraction. We further develop and test hypotheses exploring the relationship between various characteristics of states’ revenue and political systems—such as sales tax collections and political ideology— and user fee reliance. We find, among other things, evidence that states increased their reliance on user fees during and after the Great Recession but that the response is transitory with reliance slowly decreasing each year removed from 2008.

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Evaluating Implied Cost of Capital Estimates

Lee

Wang

2011

SSRN Journal

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Local Government Budget Stabilization

Cited by 3 publications

References 73 publications

Saving for Natural Disasters: Evidence From Pennsylvania Local Governments

Saving for Natural Disasters: Evidence From Pennsylvania Local Governments

An Exploration of the Great Recession's Impact on States’ Reliance on User Fees

Evaluating Implied Cost of Capital Estimates

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