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Financial Planning of Urban Development & Management in the USA

Financial Planning of Urban Development & Management in the USA. Roy W. Bahl, Jr. Dean and Professor of Economics Andrew Young School of Policy Studies. The US fiscal system Revenue instruments Infrastructure finance and planning Impacts of the fiscal system on urban development. Topics.

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Financial Planning of Urban Development & Management in the USA

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  1. Financial Planning of Urban Development & Management in the USA Roy W. Bahl, Jr. Dean and Professor of Economics Andrew Young School of Policy Studies

  2. The US fiscal system Revenue instruments Infrastructure finance and planning Impacts of the fiscal system on urban development Topics

  3. Governance Voting Accountability Budgeting Patterns The US Fiscal System

  4. Federal Government 50 States Special Districts Cities Counties

  5. ExpendituresRevenues Federal 46.8 54.5 State 27.4 26.8 Local 25.7 18.6 Percent Distribution of Government Expenditure and Revenue By Level of Government: 1999

  6. Expenditure responsibilities Revenue instruments II. Expenditure Assignment and Revenue Instruments

  7. FederalStateLocal Defense Higher Education Primary Education Income Security Highways Health Health Welfare Police Transportation Health Fire Highways Waste Major Functions

  8. FederalStateLocal Education 2.9 21.5 43.9 Welfare 11.1 17.5 2.5 Health 8.2 36.1 9.1 Transport 2.4 9.6 4.4 Police,Fire 1.5 1.2 8.1 Income Sec. 37.1 - - Defense 16.1 - - Other 20.7 14.0 32.0 Expenditure Composition: 1999

  9. StatesLocal Grants 27.7 39.0 Property Tax - 27.2 Individual Income Tax 18.9 2.0 Company Income Tax 3.3 - Sales Tax 26.1 6.2 Charges and Other 24.0 25.6 Revenue Composition: Percent Distribution

  10. Revenue productive Administratively feasible Correspondence What Is a Good “Local” Tax

  11. Revenue productive Elastic Piggyback administration A good “local” tax Advantages of a Sub National Government Income Tax

  12. Distribution is a central responsibility The commuter problem Arguments Against a Sub National Government Income Tax

  13. Taxing business Revenue? “Tax handle” Advantages Of A Company Income Tax

  14. Prorating of profits Revenue is unstable Transfer pricing Disadvantages of a Company Income Tax

  15. Revenue productive Politically acceptable Piggyback administration Infrastructure finance Advantages of the Retail Sales Tax

  16. Doesn’t Reach Services Cyclical E Business Double Taxes Some Transactions Disadvantages of the Retail Sales Tax in US

  17. A tax on wealth A benefit tax A potentially broad tax base A good “local tax” Advantages of the Property Tax

  18. Administrative cost Politically unpopular Disadvantages of the Property Tax

  19. Capital budgeting Financing methods III. Infrastructure Finance and Planning

  20. IV. Impacts of The Fiscal System on Urban Development

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