State Higher Education Spending and the Tax Revolt
Robert B Archibald and
David Feldman ()
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Robert B Archibald: College of William & Mary
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Public effort in support of higher education – measured as state funding per thousand dollars of personal income – has declined by thirty percent since the late 1970s. During this time period many states implemented Tax and Expenditure Limits and/or supermajority requirements for tax increases. We use a forty-eight state panel from 1961 to 2001 to evaluate the effect of these tax revolt institutions for state effort on behalf of higher education. These provisions have a statistically significant and economically large impact on the timing and magnitude of this decline in state effort. An understanding of the fiscal environment caused by these provisions is critical for the future of state-supported higher education.
Keywords: State higher education spending; tax revolt; Tax and Expenditure Limits (search for similar items in EconPapers)
JEL-codes: I22 H71 (search for similar items in EconPapers)
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Note: Type of Document - pdf; pages: 42
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Working Paper: State Higher Education Spending and the Tax Revolt (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwphe:0412003
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