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Taxes, Spending, Economic Growth, and Budget Crises in U.S. Local Governments

Taxes, Spending, Economic Growth, and Budget Crises in U.S. Local Governments. Dean Stansel Associate Professor of Economics Florida Gulf Coast University http://faculty.fgcu.edu/dstansel/. Three Lessons from Previous Research. Lower taxes = faster economic growth

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Taxes, Spending, Economic Growth, and Budget Crises in U.S. Local Governments

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  1. Taxes, Spending, Economic Growth, and Budget Crises in U.S. Local Governments

    Dean Stansel Associate Professor of Economics Florida Gulf Coast University http://faculty.fgcu.edu/dstansel/
  2. Three Lessons fromPrevious Research Lower taxes = faster economic growth Higher priority on capital outlay = faster economic growth Faster spending growth = worse budget crises
  3. Related Research “Why Are Some Cities Growing While Others Are Shrinking?” 2010 working paper. “Higher Taxes, Less Growth: The Impact of Tax Burden on Economic Growth in U.S. Metropolitan Areas,” Policy Brief, April 2009, National Foundation for American Policy, Arlington, Virginia, www.nfap.com.
  4. Lower Tax Areas Grow Faster
  5. Lower Tax Areas Grow Faster
  6. Lower Tax Areas Grow Faster
  7. High-Growth Areas Have Lower Taxes
  8. High-Growth Areas Have Lower Taxes
  9. Per Capita County Taxes, 2006
  10. Per Capita County TaxesPercent Increase, 2000-2006
  11. Per Capita County Property Taxes, 2006
  12. Per Capita County Property TaxesPercent Increase, 2000-2006
  13. How Tax Dollars Are Spent Related Research: “Local Government Investment and Long-Run Economic Growth,” Journal of Social, Political, and Economic Studies, 34, 2 (Summer 2009), 244-59.
  14. How Tax Dollars Are Spent Metro areas that spend more on capital outlays tend to grow faster. Metro areas that place a higher priority on roads and highways tend to grow faster.
  15. Spending Growth and Budget Crises Related Research: “State Fiscal Crises: Are Rapid Spending Increases to Blame?” (with David Mitchell),Cato Journal, 28, 3 (Fall 2008), 435-48.
  16. Spending Growth and Budget Crises States that increase spending faster during good times tend to have more severe budget crises during recessions. States with more strict rainy day fund rules have less severe budget crises.
  17. General Fund SpendingPercent Increase, 1999-2005
  18. Two Recommendationsfor Collier County Lower taxes. Slow the growth of spending.

  19. Taxes, Spending, Economic Growth, and Budget Crises in U.S. Local Governments

    Dean Stansel Associate Professor of Economics Florida Gulf Coast University http://faculty.fgcu.edu/dstansel/
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