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The state of the state and local government sector: fiscal issues in the Seventh District

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  • Richard H. Mattoon
Abstract
This article reviews the state and local budget situation, particularly in the states of the Seventh Federal Reserve Districts (Illinois, Indiana, Iowa, Michigan, and Wisconsin). These states have pursued different fiscal policies over the last decade and have relied on different tax structures to pay for government, yet all are facing significant budget shortfalls.

Suggested Citation

  • Richard H. Mattoon, 2004. "The state of the state and local government sector: fiscal issues in the Seventh District," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 28(Q I), pages 2-17.
  • Handle: RePEc:fip:fedhep:y:2004:i:qi:p:2-17:n:v.28no.1
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    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2004/ep_1qtr2004_part1_mattoon.pdf
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    References listed on IDEAS

    as
    1. Kusko, Andrea L. & Rubin, Laura S., 1993. "Measuring the Aggregate High-Employment Budget for State and Local Governments," National Tax Journal, National Tax Association;National Tax Journal, vol. 46(4), pages 411-423, December.
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    3. Donald Bruce & William F. Fox & M.H. Tuttle, 2006. "Tax Base Elasticities: A Multi-State Analysis of Long-Run and Short-Run Dynamics," Southern Economic Journal, John Wiley & Sons, vol. 73(2), pages 315-341, October.
    4. Robert Tannenwald, 2001. "Are state and local revenue systems becoming obsolete?," New England Economic Review, Federal Reserve Bank of Boston, pages 27-43.
    5. Kusko, Andrea L. & Rubin, Laura S., 1993. "Measuring the Aggregate High-Employment Budget for State and Local Governments," National Tax Journal, National Tax Association, vol. 46(4), pages 411-23, December.
    6. Fox, William F. & Luna, LeAnn, 2002. "State Corporate Tax Revenue Trends: Causes and Possible Solutions," National Tax Journal, National Tax Association;National Tax Journal, vol. 55(3), pages 491-508, September.
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    Keywords

    Fiscal policy; Budget;

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