Did Cuts in State Aid during the Great Recession Lead to Changes in Local Property Taxes?

Autor/inn/en	Chakrabarti, Rajashri; Livingston, Max; Roy, Joydeep
Titel	Did Cuts in State Aid during the Great Recession Lead to Changes in Local Property Taxes?
Quelle	In: Education Finance and Policy, 9 (2014) 4, S.383-416 (34 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1557-3060
DOI	10.1162/EDFP_a_00141
Schlagwörter	State Aid; Educational Finance; School Districts; Financial Support; Taxes; Economic Climate; Budgeting; Resource Allocation; Expenditure per Student; Geographic Location + Suchen Sie Ihr Suchwort? Bildungsfonds; School district; Schulbezirk; Finanzielle Förderung; Abgabe; Wirtschaftslage; Ressourcenallokation
Abstract	The Great Recession led to marked declines in state revenue. In this paper we investigate whether (and how) local school districts modified their funding and taxing decisions in response to state aid declines in the post-recession period. Our results reveal school districts responded to state aid cuts in the post-recession period by countering these cuts. Relative to the pre-recession period, a unit decrease in state aid was associated with a relative increase in local funding. To further probe the school district role, we explore whether the property tax rate, which reflects decisions of districts facing budgetary needs, responded to state aid cuts. We find, relative to the pre-recession period, the post-recession period was characterized by a strong negative relationship between property tax rate and state aid per pupil. We also find important heterogeneities in these responses by region, property wealth, and importance of School Tax Relief Program revenue in district budgets. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10