Readings in State and Local Public Finance

Part I: Public Choice and Fiscal Federalism (Fisher's Part 2):.

1.1 Buchanan, James M., 'Public Finance and Public Choice,' National Tax Journal, Vol.28, Dec., 1975, pp.383-94.

1.2 Tiebout, Charles M., 'A Pure Theory of Local Expenditures,' Journal of Political Economy, Vol. 64, Feb., 1956, pp. 416-24.

1.3 Musgrave, Richard A. and Peggy B. Musgrave, 'Principals of Multiunit Finance,' Chap 27 in Public Finance in Theory and Practice, 5th ed. New York: McGraw Hill, 1989, pp. 445-56.

1.4 Buchanan, James M., 'Who Should Distribute What in a Federal System?' Hochman and Peterson, eds., Redistibution Through Public Choice. New York: Columbia University Press, 1974, pp. 22-42.

1.5 Gramlich, Edward M., 'The Economics of Fiscal Federalism and Its Reform,' in Swartz and Peck, eds., The Changing Face of Fiscal Federalism. New York: M. E. Sharpe, Inc., 1990, pp. 152-174.

Part II: Revenues for State and Local Governments (Fisher's Part 3): .

2.1 Smith, Adam, 'Of Taxes,' The Wealth of Nations, Book V, Chap. II, Part II, New York: Modern Library, 1937, pp. 777-79.

2.2 Mieszkowski, Peter M., 'Tax Incidence Theory: The Effects of Taxes of the Distribution of Income,' Journal of Economic Literature, Vol. 7, 1969, pp. 1103-1124.

2.3 Zodrow, George R. and Peter Mieszkowski, 'The Incidence of the Property Tax: The Benefit of View Versus the New View,' in Zodrow, ed., Local Provision of Public Services. New York: Academic Press, 1983, pp. 109-29.

2.4 Heilbrun, James, 'Who Bears the Burden of the Property Tax?' C. Lowell Hariss, ed., The Property Tax and Local Finance. New York: The Academy of Political Science, 1983, pp. 57-71.

2.5 Netzer, Dick, 'Property Taxes: Their Past, Present, and Future Place in Government Finance' Urban Finance Under Siege. New York: M. E. Sharpe, 1993, pp. 51-78.

2.6 Poterba, James M., 'Lifetime Incidence and the Distributional Burden of Excise Taxes, American Economic Review Papers and Proceedings,' Vol. 79, May 1989, pp. 325-330.

2.7 Siegfried, John J., and Paul A. Smith, 'The Distributional Effects of a Sales Tax on Services,' National Tax Journal, Vol. 44 (1991), pp. 41-53.

2.8 Mikesell, John L., 'Fiscal Effects of Differences in Sales Tax Coverage: Revenue Elasticity, Stability and Reliance,' in National Tax Association-Tax Institute of America, Proceedings of the Eighty-Fourth Annual Conference, 1991, pp. 50-57.

2.9 McLure, Charles E., Jr., 'The State Corporate Income Tax: Lambs in Wolves' Clothing," in Aaron and Boskin, eds., The Economics of Taxation. Washington: The Brookings Institution, 1980, pp. 327-346.

2.10 Netzer, Dick, 'Differences in Reliance on User Charges by American State and Local Governments,' Public Finance Quarterly, Vol. 20 (1992), pp. 499-511.

2.11 Gramlich, Edward M., 'The Deductibility of State and Local Taxes,' National Tax Journal, Vol. 38 (1985), pp. 447-65.

2.12 Chernick, Howard and Andrew Reschovsky, "Comment on 'The Deductability of State and Local Taxes,' 'National Tax Journal, Vol. 40, 1987, pp. 95-102.

2.13 Courant, Paul N. and Daniel L. Rubinfeld, 'Tax Reform: Implications for the State-Local Public Sector, 'Journal of Economic Perspectives, Vol. 1, Summer, 1987, pp. 87-100.

2.14 Zimmerman, Dennis, The Private Use of Tax-Exempt Bonds. Washington, Urban Institute Press, 1991, (Ch. 5) pp. 83-111.

2.15 Netzer, Dick, 'State Tax Policy and Economic Development: What Should Governors Do When Economists Tell Them Nothing Works?' in New York Affairs, Vol. 9 (1986), pp. 19-36.

Part III: Applications: The Fiscal Conditions of Cities (Fisher's Part 5):.

3.1 Baumol, William, 'Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis,' American Economic Review, Vol. LVII, No. 3, 1967.

3.2 Thompson, Wilbur, 'The City as a Distorted Price System,' The Urban Economy, H. Hochman, ed., New York: W. W. Norton, 1976, pp. 74-86.

3.3 Moody's Investors Service, 'City of New York, New York,' Municipal Credit Report, April 8, 1975.

3.4 Gramlich, Edward M., 'The New York City Fiscal Crisis: What Happened and What is to Be Done?', American Economic Review, Vol. 66, No. 2, May, 1976, pp. 415-429.

3.5 Drennan, Matthew P., 'The Present and Future Fiscal Problems of the Two New Yorks: What Happened This Time,' Public Budgeting and Finance, Vol. 14, No. 2, Summer, 1994.

3.6 Ladd, Helen F., 'Big City Finances in The New Era of Fiscal Federalism,' Swartz and Peck, eds, op cit, pp. 127-151.

3.7 Reschovsky, Andrew, 'Are City Fiscal Crises on the Horizon?' Urban Finance Under Siege, op cit, pp. 107-137.

3.8 Reischauer, Robert D., 'The Rise and Fall of National Urban Policy:' M. Kaplan and F. James, eds. Durham, NC: Duke University Press, 1990, pp. 225-34.

3.9 Yinger, John and Helen F. Ladd, 'The Determinants of State Assistance to Central Cities,' National Tax Journal, Vol. 42, No. 4, pp. 413-28.

3.10 Netzer, Dick, 'National Assistance to Urban Areas in the United States,' 'Urban Change in the United States and Western Europe,' A. Summers, P. Cheshire, and L. Senn, eds. Washington: The Urban Institute Press, 1993, pp. 465-91.