Suppose a state is considering three different types of fiscal limits for local governments in the...

Suppose a state is considering three different types of fiscal limits for local governments in the state--a maximum property tax rate, a limit that property tax revenue may not increase more than population and inflation rate together, or a limit that spending may not increase more than five percent. In each case, the limit may be exceeded by majority vote. Which limit is most restrictive and why? Contrast the three in terms of the sources of allowed increases in taxes or spending and the potential effect on local services.

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Rahul Sunny answered 2 years ago

Suppose a state is considering three different types of fiscal limits for local governments in the...

Suppose a state is considering three different types of fiscal limits for local governments in the state--a maximum property tax rate, a limit that property tax revenue may not increase more than population and inflation rate together, or a limit that spending may not increase more than five percent. In each case, the limit may be exceeded by majority vote. Which limit is most restrictive and why? Contrast the three in terms of the sources of allowed increases in taxes...

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1.state and local government face three fundamental fiscal choices. please list these choices, and using an...

1.state and local government face three fundamental fiscal choices. please list these choices, and using an example in a specified government program, explain how these choices interact with each other, if at all. 2."if school expenditures are selected by a majority vote, then most of the voters in the district will be perfectly happy with the selected amount of spending." evaluate this statement. 3.Richard Musgrave has provided us with a 3-part defining state of the "role" of government. please describe...

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Suppose a state is considering three different types of fiscal limits for local governments in the...

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