We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The System Of Finance For Local Government - Essay Example

Comments (0)
This essay describes the principle of Tiebout’s theory is that the mobility of citizens coupled to inter-jurisdictional competition can lead to a resourceful allotment of resources to the public sector. The model was primarily concerned with finding a market-like mechanism…
Download full paper
The System Of Finance For Local Government
Read TextPreview

Extract of sample
The System Of Finance For Local Government

Download file to see previous pages... The model was primarily concerned with finding a market-like mechanism that would achieve an efficient allocation of resources to the public sector. The main finding included the fact that inter-jurisdictional competition is a vital element of the mechanism. The key players in Tiebout’s model are individual citizens and governments. business firms are not an explicit part of the model (Brueckner 2004, p 138). It was meant to be applied to local governments and to a lesser degree, to state governments. The model assumes citizens have full knowledge of government revenue and expenditure packages, that there are a large number of communities among which individuals can choose to live, and that people will opt for the community that best satisfies their preferences. Moreover, the model assumes that government services exhibit no spillover effects (Billings 2008, p 45). Tiebout’s model made three additional assumptions; one, that jobs impose no locational constraint on individuals; two, that a community’s optimal size, meaning the size for which the average cost of producing a particular packages of public services is minimized, can be determined; and three, that each community seeks to attain its optimal size (Feiock 2004, p. 76). The model envisions citizens sorting themselves out among available communities so that demands for government services within any particular community would become homogenous. In theory, Tiebout concluded that to the extent these rather restrictive assumptions are met, good and services provided by the local public sector will exhibit both allocative efficiency (the right amounts of the various good and services are produced ) and productive efficiency (they are produced at least cost) (Rivkin 2001, p. 206). In Tiebout’s model, community taxes would be benefit taxes, or proportional to the benefits citizens receive form public services, rather than taxes based on the ability to pay. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Do Modern Finance And Government Intervention Crash The Financial System
Introduction A series of bank failures and corporate scandals in United States over the last decade not only affected the US economy but also crashed the global financial system as a whole. The 2008 financial crisis is considered the worst financial crisis after the Great Depression in 1930s.
12 Pages(3000 words)Research Paper
State and local government finance: Massachusetts
This division is also charged with the duty to monitor the repayment of these particular debts. The local government is therefore expected to actively participate in determining projects’ feasibility, the most appropriate form of financing and the realistic size of financing.
3 Pages(750 words)Essay
Local Government Law and Finance
The chapter nine filing is a part of the United States bankruptcy law that is hardly ever used. It is meant to give the municipalities protection from the people that they are in debt to as creditors. One of the largest court filings for the chapter nine bankruptcy laws was the one filed in the year 1994.
3 Pages(750 words)Essay
Local government taxes
However, America has a local and state tax system that is very polar to these beliefs with the wealthy paying almost half the taxes that the less well off. In its comprehensive report, in 2009, the Institute of Taxation and Economic policy did an analysis of all states in the U.S., in addition to other major localities, and discovered that local and state tax systems are very regressive (Davis et al 2).
5 Pages(1250 words)Essay
Local Government Strategy Training Materials
The 12 parts of the Act provide an analysis of the local government in order to ensure that democratic and effective services are rendered to the people. More importantly, the Act defines the powers and the functions of the Local Government in addition to providing the basis for accountability for these governments.
5 Pages(1250 words)Essay
Virginia State Local Government
Also, neither side really understands the other. Sadly, statistics show that, speaking in terms of demography, Northern Virginia is more diverse ethnically than the other side of the state. Based on all that has been said, one can infer that the division between the northern and southern counties of Virginia transcends territorial issues, instead what's happening is a cultural division.
2 Pages(500 words)Essay
Local Government
Traditionally, the roles of the council are to design and formulate policies on behalf of the City and the national government. Yet, over the years, this responsibility becomes highly centralized at the national level. Decision-making becomes slow, creativity diminishes, and the government is charged for inefficiency and is full of rigidity.
13 Pages(3250 words)Research Paper
Local Government assignment
ces offered include education, quality transport services, disabled services for children, discretionary services, pension services, consumer protection services (e.g. health services), maintaining cultural heritage, tourism and safety, environmental development and housing
5 Pages(1250 words)Coursework
Politics: State & Local Government
The 435 elected members who constitute the House of Representatives is divided among the 50 states bearing in mind representation proportions of the total population
3 Pages(750 words)Essay
Connecticut local Government
The program help high school and college students make great stories for their lives. It has been an issue in our community since the kids were not engaged and had some challenges and behavioral problems. An audit is
1 Pages(250 words)Research Paper
Let us find you another Essay on topic The System Of Finance For Local Government for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us