Municipal Revenues and Land Policies
Based on the proceedings of Lincoln Institute of Land Policy’s fourth annual cross-disciplinary land policy conference, this volume collects scholarly work by a wide range of experts in land policy, tax policy, economics, and urban planning.
Municipal Revenues and Land Policies offers analysis of a variety of municipal revenue instruments such as intergovernmental transfers, property tax, tax increment financing, and local option sales and income taxes. Other nontraditional public good financing mechanisms including business improvement districts, homeowners' associations, impact fees, certificates of additional construction potential, debt financing, and public-private partnerships are examined. The analysis focuses on comparing the viability of these municipal revenue sources in the face of fiscal uncertainty.
About the Editors
Gregory K. Ingram was president and CEO of the Lincoln Institute of Land Policy from 2005 to 2014.
Yu-Hung Hong was a fellow at the Lincoln Institute of Land Policy.
Table of Contents
The Importance of Municipal Finance
1. Municipal Revenue Options in the Time of Financial Crisis, Gregory K. Ingram and Yu-Hung Hong
2. Financing Cities, Robert P. Inman
Intergovernmental Transfers and Municipal Fiscal Structures
3. Intergovernmental Transfers to Local Governments, David E. Wildasin
Commentary: Michael Smart
4. Trends in Local Government Revenues: The Old, the New, and the Future, J. Edwin Benton
Commentary: Jocelyn M. Johnston
5. Creative Designs of the Patchwork Quilt of Municipal Finance, Michael A. Pagano
Commentary: Carol O’Cleireacain
Broad-Based Local Taxes and Development Impact Fees
6. The Contribution of Local Sales and Income Taxes to Fiscal Autonomy, John L. Mikesell
Commentary: Cynthia L. Rogers
7. The Effects of Development Impact Fees on Local Fiscal Conditions, Gregory S. Burge
Commentary: Albert Saiz
8. A New Financial Instrument of Value Capture in São Paulo, Paulo Sandroni
Commentary: Margaret Walls
Financing Submunicipal Services
9. Governance Structures and Financial Authority in Submunicipal Districts, Robert J. Eger III and Richard C. Feiock
Commentary: Richard Briffault
10. Illustrating the Effects of Business Improvement Districts on Municipal Coffers, Leah Brooks and Rachel Meltzer
Commentary: Lynne B. Sagalyn
11. Does TIF Make It More Difficult to Manage Municipal Budgets?, David F. Merriman
Commentary: Mark Skidmore
12. Homeowners Associations and Their Impact on the Local Public Budget, Ron Cheung
Commentary: John E. Anderson
Capital Financing of Infrastructure
13. Complex Debt for Financing Infrastructure, Jeffrey I. Chapman
Commentary: Mark D. Robbins and William Simonsen
14. Prospects for Private Infrastructure in the United States: The Case of Toll Roads, José A. Gómez-Ibáñez
Commentary: José C. Carbajo
Comparisons of the Property Tax with Other Revenue Instruments
15. An Analysis of Alternative Revenue Sources for Local Governments, David L. Sjoquist and Andrew V. Stephenson
Commentary: William F. Fox
16. How Alternative Revenue Structures Are Changing Local Government, Tracy M. Gordon and Kim Rueben
Commentary: Michael J. Wasylenko