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Painting A Picture Of The Public Purse: Can County Governments In Idaho 'Grow Out' Of Property Tax Revenue Reductions Resulting From The One-Percent Initiative? Item Info

The Idaho State Tax Commission estimated that the property tax revenue loss to county, school, city, highway, and other tax districts from the One-percent Initiative would have been $114 million for 1991. $31 million of the $114 million would have been lost from county government revenues. Supporters of the One Percent Initiative maintain that these estimates over-states the property tax reduction for 1993 because in two years, if the tax base grows faster than the local government expenditures, then property tax rates will be lower in two years time. Consequently, the one-percent maximum tax rate restriction on property will be less revenue reducing. Beyond this, the proponents of the One Percent Initiative argue, as long as the growth in the tax base is greater than the growth in expenditures, then local government can 'grow out' of any reduction in property tax revenues given enough time.

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Title:
Painting A Picture Of The Public Purse: Can County Governments In Idaho 'Grow Out' Of Property Tax Revenue Reductions Resulting From The One-Percent Initiative?
Creator:
Cooke, Stephen C.; Meyer, Neil L.
Date Created (ISO Standard):
1993-01-05
Description:
The Idaho State Tax Commission estimated that the property tax revenue loss to county, school, city, highway, and other tax districts from the One-percent Initiative would have been $114 million for 1991. $31 million of the $114 million would have been lost from county government revenues. Supporters of the One Percent Initiative maintain that these estimates over-states the property tax reduction for 1993 because in two years, if the tax base grows faster than the local government expenditures, then property tax rates will be lower in two years time. Consequently, the one-percent maximum tax rate restriction on property will be less revenue reducing. Beyond this, the proponents of the One Percent Initiative argue, as long as the growth in the tax base is greater than the growth in expenditures, then local government can 'grow out' of any reduction in property tax revenues given enough time.
Subjects:
tax public finance regional economics Impact analysis
AgEcon Search Subjects:
Public Economics Community/Rural/Urban Development Research Methods/ Statistical Methods
Series:
Agricultural Economic Research Series
Source Identifier:
aers92-08
Type:
Text
Format:
application/pdf
Contributing Departments:
Department of Agricultural Economics and Rural Sociology

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Source
Preferred Citation:
"Painting A Picture Of The Public Purse: Can County Governments In Idaho 'Grow Out' Of Property Tax Revenue Reductions Resulting From The One-Percent Initiative?", Agricultural Economics Research Series, University of Idaho Library Digital Collections, https://www.lib.uidaho.edu/digital/aers/items/aers194.html
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Rights:
In Copyright – Educational Use Permitted. Digital reproduction rights assigned to University of Idaho Library by donor/contributing institution/source (as applicable). For more information, please contact University of Idaho Library Special Collections and Archives Department at libspec@uidaho.edu.
Standardized Rights:
http://rightsstatements.org/vocab/InC-EDU/1.0/
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