Abstract
We analyze the own‐source revenues of California state and local governments relative to the State’s personal income in order to examine the extent to which the growth in non‐tax revenues has circumvented the reduction in taxes produced by Proposition 13. Our results show that, while non‐tax revenues have been the favored means to circumvent California's fiscal constitution, the circumvention has been only marginal.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.