Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises

by Russell S. Sobel and Randall G. Holcombe

During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed...

• Format: Hardcover
• Language: English
• ISBN: 0313304238
• ISBN13: 9780313304231
• Release Date: October 1997
• Publisher: Praeger
• Length: 224 Pages
• Weight: 1.09 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"