Econ 366 - Chapter 14

Econ 366 - Chapter 14 - Chapter 14 Local Government State...

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Chapter 14 Local Government
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State and local governments 1. 50 state governments 87,525 local governments, including: 3,034 county governments 35,933 sub-county governments 13,506 school districts 35,052 special districts (which usually serve a single function such as: conservation, fire protection, water supply, transportation, hospitals, etc. Not schools.) 2. Both functions of state, municipal county governments and territorial jurisdictions overlap. So many citizens are within multiple jurisdictions 3. NY, Philadelphia and Pittsburgh have 500 local governments each
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Finance Year total state local 1929 9.9 1.6 5.9 0.1 1949 23.0 3.0 4.8 0.9 1975 34.5 5.8 9.2 3.5 1982 34.4 8.1 7.9 2.8 1990 34.9 14.0 - 2.5 Trends in government expenditure as % of GDP 1. Huge increase since WWII 2. Peaking around 1975 and flat since 1980 3. Federal role in state and local governments has increased and peaked around 1978
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Composition of govt spending
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Revenue (1986-87) state local State and local Property tax 1.1 37.0 16.6 Sales and gross receipt tax 28.9 7.9 19.8 Individual income tax 18.3 2.5 11.5 Corporate income tax 5.0 0.6 3.1 Other taxes and licenses 6.2 2.4 4.6 Charges and miscellaneous 16.9 30.8 22.9 Utility and liquor store revenues 1.4 14.1 6.9 Insurance trust revenues 22.2 4.7 14.6 Intergovernmental transfers 24.6 49.68 15.64
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Expenditures United States Federal, State and Local Government Spending Fiscal Year 2009 GDP: $15,027.0 billion
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This note was uploaded on 09/26/2009 for the course ECON 366 taught by Professor Sengupta during the Fall '08 term at USC.

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Econ 366 - Chapter 14 - Chapter 14 Local Government State...

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