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Tax Reform And Revenue Sharing Changes: Fiscal Impacts On Small, Rural Massachusetts Towns
| Content Provider | Semantic Scholar |
|---|---|
| Author | Flynn, Catherine L. |
| Copyright Year | 1987 |
| Abstract | Proposition 2 1/2, a state tax reform measure that took effect in 1981, has cut municipal property tax revenues sharply in recent years. From 1977 to 1986, property taxes declined from 61 percent to 47 percent of municipal revenues, due largely to the mandates of Proposition 2 1/2. During this period, the state stepped in to assist cities and towns and state aid increased from 17 percent to 29 percent of municipal revenues. Despite the rapid increase in state aid during this period, municipalities experienced real losses in revenue. In inflation-adjusted dollars, local spending in 1986 was 3.6 percent below the fiscal 1981 level (Massachusetts Taxpayers Foundation, p. 3). |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://ageconsearch.umn.edu/record/17858/files/ar870197.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
