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Laubach, Thomas – OECD Publishing (NJ1), 2005
This paper discusses the current state of fiscal relations between the federal, state and local governments in the United States and suggests directions for improvement. The significant degree of fiscal autonomy of the states and, to a lesser extent, of local governments has had several beneficial effects, including the responsiveness of public…
Descriptors: Expenditures, Taxes, Educational Finance, Resource Allocation