Article

Introduction: State and Local Government Finance in The United States

Robert D. Ebel, John E. Petersen and Ha T. T. Vu

in The Oxford Handbook of State and Local Government Finance

Published in print March 2012 | ISBN: 9780199765362
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199765362.013.0001

Series: Oxford Handbooks

 Introduction: State and Local Government Finance in The United States

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Significant developments of US state and local finance are converging in a manner that will newly frame the practices of state and local governance in the next decade and beyond. These trends can move from low-priority “problems to be addressed” to becoming urgent, high-priority concerns when the governments face economic and political shocks that are beyond their direct control—for example, the Great Recession (2007–2009). In this context, this article offers to bring together in the book the existing knowledge on the principles and practices of state and local finance. It takes an explicit look at how the issues proposed to be addressed fit into the broader framework of the practice of US intergovernmental relations (fiscal decentralization). The organization of the book is explained.

Keywords: local government finance; US state; high-priority problems; economic shock; Great Recession; intergovernmental relations

Article.  18553 words. 

Subjects: Economics ; Public Economics ; Macroeconomics and Monetary Economics

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