WE VOTED FOR THIS - INSTITUTIONS AND EDUCATIONAL SPENDING

• 成果类型: Article
• 署名作者: OLMSTED, GM; DENZAU, AT; ROBERTS, JA
• 署名单位: Washington University (WUSTL); Indiana University System; Indiana University Northwest; California State University System; California State University Long Beach
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/0047-2727(93)90040-Z
• 发表日期: 1993
• 页码: 363-376

摘要

This paper examines two institutional factors that influenced school spending in Missouri during the 1970s. First, the retirement of a bond issue is usually accompanied by an increase in the operating tax rate (which requires voter approval). The retirement of a bond issue does not reduce, but apparently obscures, the cost of a tax increase. In addition, a change in assessment practices in 1975 allowed some districts to increase their effective operating rates without voter approval. Each of these factors led to substantial tax increases in the affected districts.