Public Service Cost of the Tax Expenditure

Geoffrey Propheter
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Geoffrey Propheter: University of Colorado Denver

Chapter Chapter 6 in Major League Sports and the Property Tax, 2022, pp 135-148 from Springer

Abstract: Abstract This chapter quantifies the public service trade-offs residents face when lawmakers provide property tax exemptions to major league teams. I show that K-12 education is the largest forgone public service, comprising 41% of the estimated property tax expenditure, followed by public safety (19%), and general government (10%). Since all public policies create winners and losers, the public service trade-offs have equity implications to the extent consumers of forgone services are different from consumers of major league sports facilities. I provide some cursory evidence this is the case.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:semchp:978-3-031-18790-2_6

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DOI: 10.1007/978-3-031-18790-2_6

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