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Local Government Financial Capacity and the Growing Importance of State Aid

Mildred E. Warner

Rural America/ Rural Development Perspectives, 1998, vol. 13, issue 3

Abstract: Since the 1970’s, the Federal Government has been turning back funding and authority to State and local governments. Devolution has important implications for local government finances. As direct Federal funds to counties decline, local wealth and the redistributive role played by the States become more important in determining local capacity for spending. These developments are illustrated by the experience of counties in eight Mid-Atlantic and East North Central States.

Keywords: Financial Economics; Public Economics (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:289787

DOI: 10.22004/ag.econ.289787

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