The Oxford Handbook of State and Local Government Finance

Robert D. Ebel is Visiting Professor of Economics at the University of the District of Columbia and Chair of the Steering Committee of the Local Government and Public Sector Service Initiative. He is also a member of the IMF Panel of Experts/Fiscal Affairs Division. For the period 2006-2009 he served as Deputy Chief Financial Officer for Revenue analysis and Chief Economist for the Washington, DC government. Prior to joining the Office of the Chief Financial Officer, he was a Senior Fellow at joint Urban Institute/Brookings Institution Tax Policy Center (TPC) and Lead Economist for the World Bank Institute's Capacity Building programs on Public Finance, Intergovernmental Relations, and Local Financial Management. John Petersen is Professor of Public Policy and Finance at the George Mason School of Public Policy. Prior to joining the faculty, he was President and Division Director of the Government Finance Group.

The Oxford Handbook of State and Local Government Finance should be required reading for policy makers at all levels of government and for anyone interested in the health of the state and local sector. The Handbook addresses current and ongoing challenges facing state and local governments and the authors list reads like a Who's Who of state and local government experts.

• Foreword ; Preface Robert D. Ebel and John E. Petersen ; I. The Economic, Demographic and Institutional Framework ; 1. Introduction: State and Local Government Finance in the United States Robert D. Ebel, John E. Petersen and Ha T. T. Vu ; 2. The Constitutional Frameworks of State and Local Government Finance John Kincaid ; 3. Federalism Trends, Tensions and Outlook Timothy J. Conlan and Paul L. Posner ; 4. State and Local Government Finance: Why It Matters Serdar Yilmaz, Francois Vaillancourt, and Bernard Dafflon ; 5. State and Local Governments and the National Economy Rick Mattoon and Leslie McGranahan ; 6. Evolving Financial Architecture of State and Local Governments Sally Wallace ; 7. Profiles of Local Government Finance Christine R. Martell and Adam Greenwade ; 8. Federal Preemption of Revenue Autonomy James R. Eads, Jr. ; 9. State Intergovernmental Grant Programs Ronald C. Fisher and Andrew Bristle ; 10. State and Local Fiscal Institutions in Recession and Recovery Tracy M. Gordon ; II. Impacts and Implications of the Great Recession: Current Revenues and Expenditures; Capital Budgeting, Borrowing and Debt ; 11. Real Property Tax Michael E. Bell ; 12. State Personal Income Taxes Joseph J. Cordes and Jason N. Juffras ; 13. State Corporate Income Taxes David Brunori ; 14. Entity Taxation of Business Enterprise LeAnn Luna, Matthew N. Murray and Zhou Yang ; 15. Implications of a Federal Value Added Tax for State and Local Governments Harley T. Duncan ; 16. Retail Sales and Use Taxation William F. Fox ; 17. Local Revenue Diversification: User Charges, Sales Taxes, and Income Taxes David L. Sjoquist and Rayna ; Stoycheva ; 18. State Tax Administration: Seven Problems in Search of a Solution Billy Hamilton ; 19. Revenue Estimation Norton Francis ; III. Direct Operating Expenditures ; 20. Providing and Financing K-12 Education Daphne Kenyon ; 21. The Social Safety Net, Health Care, and the Great Recession Thomas Gais, Donald Boyd, and Lucy Dadayan ; 22. Transportation Finance Jonathan L. Gifford ; 23 Housing Policy in the U.S.: The Evolving Subnational Role Robert M. Buckley and Alex F. Schwartz ; IV. Capital Spending and Finance ; 24. Capital Budgeting and Spending Justin Marlowe ; 25. Financial Markets and State and Local Governments John E. Petersen and Richard Ciccarone ; 26. Infrastructure Privatization in the United States in the New Millennium Ellen Dannin and Lee Cokorinos ; V. Further Impacts on Financial Activities and Processes ; 27. Financial Emergencies: Default and Bankruptcy James E. Spiotto ; 28. Government Financial Reporting Standards: Reviewing the Past and Present, Anticipating the Future Craig D. Shoulders and Robert J. Freeman ; 29. Pullback Management: State Budget Execution During Periods of Rapidly Declining Revenues Carolyn Boudreaux and W. Bartley Hildreth ; 30. Public Employee Pensions and Investments Siona Listokin-Smith ; 31. Accomplishing State Budget Policy and Process Reforms Iris J. Lav ; 32. Fiscal Austerity and the Future of Federalism Rudolph G. Penner ; 33. Achieving Fiscal Sustainability for State and Local Governments Robert B. Ward ; 34. The Intergovernmental Grant System Raymond C. Scheppach ; 35 Community Associations at Middle Age: Considering the Options Robert H. Nelson ; Index