A Formula for Limiting State and Local Debts

B. U. Ratchford

The Quarterly Journal of Economics, 1936, vol. 51, issue 1, 71-89

Abstract: I. The problem of debt limitation, 71.— II. The theory of limiting debts in terms of assessed value of property — theoretical and practical defects, 73.— III. The requisites of a good debt limit, 77.— IV. A proposal for limiting debts in terms of average revenue receipts — merits of the plan, 79.— V. Details for the practical application of the plan, 84.— VI. Comparison of computed debt limits with actual debts, 87.— VII. Conclusions, 89.

Date: 1936
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