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Interstate fiscal disparity in 1997

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  • Robert Tannenwald

Abstract

Readily available tax statistics tell state and local policymakers the amount and mix of revenues that their governments receive. However, these officials pose harder fiscal questions than simply how much money is flowing into their coffers and from what sources. They frequently ask, What is our state's capacity to raise revenues, regardless of how much we actually collect? To what extent do we utilize that capacity? Is our revenue capacity sufficient to finance our state's need for public services? These questions are especially salient today, given that during state fiscal year 2002 (FY2002) revenues in most states fell far short of their targeted levels. ; Questions surrounding the issue of fiscal adequacy are difficult to answer definitively. In previous articles appearing in this Review (Tannenwald 1998, 1999), we evaluated interstate differences in fiscal capacity and fiscal need for FY1994 and FY1996. Prior to these efforts, the U.S. Advisory Commission on Intergovernmental Relations (ACIR) developed indicators providing such interstate comparisons for several (but not all) years from FY1962 through FY1991. This article presents such comparisons for FY1997.

Suggested Citation

  • Robert Tannenwald, 2002. "Interstate fiscal disparity in 1997," New England Economic Review, Federal Reserve Bank of Boston, issue Q 3, pages 17-33.
    • Handle: RePEc:fip:fedbne:y:2002:i:q3:p:17-33
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    Citations

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    Cited by:

    1. Charles Grant & Christos Koulovatianos & Alexander Michaelides & Mario Padula, 2010. "Evidence on the Insurance Effect of Redistributive Taxation," The Review of Economics and Statistics, MIT Press, vol. 92(4), pages 965-973, November.
    2. Charles Grant & Winfried Koeniger, 2009. "Redistributive Taxation and Personal Bankruptcy in U.S. States," Journal of Law and Economics, University of Chicago Press, vol. 52(3), pages 445-467, August.
    3. Grant, Charles & Koulovatianos, Christos & Michaelides, Alexander & Padula, Mario, 2008. "Evidence on the insurance effect of marginal income taxes," CFS Working Paper Series 2008/06, Center for Financial Studies (CFS).
    4. Masayoshi Hayashi, 2013. "On the Decomposition of Regional Stabilization and Redistribution," CIRJE F-Series CIRJE-F-910, CIRJE, Faculty of Economics, University of Tokyo.
    5. Charles Grant & Christos Koulovatianos & Alexander Michaelides & Mario Padula, 2010. "Evidence on the Insurance Effect of Redistributive Taxation," The Review of Economics and Statistics, MIT Press, vol. 92(4), pages 965-973, November.
    6. Saeid Mahdavi, 2013. "State Government Tax Revenue, Tax Revenue Composition and Tax Effort Index: An Assessment of the 1978-97 period," Working Papers 0213eco, College of Business, University of Texas at San Antonio.
    7. Jason Delaney, 2019. "Comparing Apples to Apples: Estimating Fiscal Need in the United States with a Regression-Based Representative Expenditure Approach," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 47(3), pages 311-322, September.

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