Tag Archives: news

Cities in distress look upward…

We have discussed the idea that evaluating the fiscal health with respect to debt of a particular jurisdiction also depends on the debt of its “dependents” and the situation of other jurisdictions which tax the same base to some extent (see discussion in Clingermayer and Wood (1995)). This NYT article discusses how cities risking bankruptcy may appeal instead to the state for support. What is the potential impact on the incentives facing cities regarding financial management?

Cities in debt turn to states, adding strain
http://www.nytimes.com/2010/10/05/business/05cities.html?_r=1

Clingermayer, JC and BD Wood. 1995. Disentangling Patterns of State Debt Financing. The American Political Science Review 89, no. 1 (March): 108-120.

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Nexus, firm location choice, and state sales and use tax simplification

Here is a little piece from Salon (thanks Cliff for bringing this to my attention) on the issue of state sales tax remittance on purchases from online retailers with and without “nexus” – or substantial brick and mortar presence in a state – timely both in terms of our class and in terms of the winter shopping season.  There is a very interesting bit of insight into Amazon’s firm location decision (Seattle vs. other possibilities) – the ways  in which taxes shape behavior by changing incentives are many – for firms and individuals.

See also the Streamlined Sales and Use Tax Initiative for more information on how states are trying to coordinate (or “harmonize” for the Euro-crowd) their own behavior to address the existing incentives created by a patchwork of diverse tax structures which give retailers an excuse of hardship in remittance compliance.

Slate Magazine
MONEYBOX
Every Day’s a Tax Holiday

How Amazon.com undersells Best Buy, the Apple store, and almost everybody else.

By Farhad Manjoo
Posted Friday, Nov. 19, 2010, at 4:56 PM ET
http://www.slate.com/toolbar.aspx?action=print&id=2275552

 

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Zoellick (World Bank) on data, research, and assumptions about the “right” direction analysis should flow in development economics.

A thoughtful and refreshing policymaker perspective on the role of economics research in informing development efforts, by Robert Zoellick, President of the World Bank Group (Speech at Georgetown University of 9/29/2010):

link at the World Bank

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Attitudes towards deficit spending

Thanks Shirene for sharing this, relevant to our session tonight…

Reuters.com – Americans want deficit cut even in tough economy
instapaper-private://email/0ce7608b1638f43d80ef7114ce447d3d/

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Pipelines to Potholes: America’s Ailing Infrastructure | WBUR and NPR – On Point with Tom Ashbrook

This segment on infrastructure touches on so many aspects of public budgeting and finance and PA generally, I had to share it with you. Budgeting for uncertain risks…capital budgeting…the web of intergovernmental and private sector relationships…challenges of privatization/contracting out…the role of nonprofits/advocacy groups as Lindblom’s “value watchdogs”…regulation…government as insurer of last resort…see if you can relate the conversation to these themes…

Pipelines to Potholes: America’s Ailing Infrastructure | WBUR and NPR – On Point with Tom Ashbrook
http://www.onpointradio.org/2010/09/infrastructure-pipelines

(via Instapaper)

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Timebomb, anyone? Or, if you prefer, change in issue salience that may drive policy/expenditure?

In light of our discussion tonight…how do we budget for timebombs…is it another way to look at regulation/inspection expenditure….

Fatal Pipeline Accident Turns Attention to Nation’s Aging Pipelines
http://www.propublica.org/blog/item/fatal-pipeline-accident-turns-attention-to-nations-aging-pipelines

(via Instapaper)

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Dissertator discovers documentation of developing dawn of…finance

World’s oldest stock certificate found
http://www.thehindu.com/opinion/op-ed/article625376.ece

(via Instapaper)

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