Economic Incentive Policy

Despite the elevating taxes, many people argue that Texas has a very low combined state and local tax burden. This is only true at the state level, but at the local level Texas has a very high tax burden - 9th in sales tax per capita and 15th in property tax per capita (Lavine 15). The state managed to portray this image only because Texas pushes funding obligations down to the local level, such as public education. For this reason, cities such as Houston must implement high property taxes to ensure adequate funding for police enforcement, public transportation, and education. Because of the tremendous shortfall this year, the city of Houston resorted to layoff teachers and security personnel to meet budget requirements. Therefore, instead of continued tax hikes or sacrificing much needed state services, why not allow for casino gambling as an alternative source of revenue for the state? The direct economic impact of casino gambling is clear by looking at our neighboring states.

There are four local sources of income to support school districts property tax, sales tax, income tax, and sumptuary taxes.

Equity to ensure that state funds are fairly distributed and that spending levels are aligned to tax

In the first stage, the construction of new buildings results in new construction jobs. For example, building 100 LIHTC for families leads to creation of 80 construction related jobs and 42 jobs based on the indirect increased spending (Wardrip.) In addition to construction jobs created, these employees encourage the local economy simply through their presence, buying lunch near the job site, getting gas, getting coffee, etc. Local businesses may feel the need to increase their own number of employees to help serve the new customer base, which in turn leads to additional increased spending in the area.

In recent discussions of Georgia's economy, the controversial issue has been whether or not it's top ranking business climate has been beneficial to the state. On the one hand, Mark Arend’s “Georgia Holds on to First Place,” argues Georgia is great for business, with Georgia being ranked #1 by Site Selection magazine for best state for business, because of its workforce training program (Quick Start), logistics infrastructure, and the governor’s High Demand Career Initiative. On the other hand, Elena Semuels’ “What’s Wrong With Georgia” contends while Georgia is great for cooperate businesses it leads the nation in unemployment, has terrible transportation, and the governor’s High Demand Career Initiative is a failure. Others even maintain

According to Singers(August 24,2017), ITEP’S (July, 2017), (July, 2017),(August 2011), and(December 2011), higher sales and gas tax in Connecticut have consequences and a solution proposed to reduce tax burden on low income family. Based on the readings and my understanding of this topic, I conclude that increasing sales and gas taxes in Connecticut to fix a budget crisis will be financially harmful to low income families and needs to be address with the new policy. Singer(August 24,2017), pointed out that, Connecticut legislators are deciding to increase the sales tax from its current level to 6.85 percent to fix a budget deficit, estimated to reach $3.5 billion in two years and improve state aid to towns. Based on Tax Foundation studies,

Introduction: Federal grant agendas offer state and local governments varying steps of flexibility over the use of grant funds. For example, block grants provide only extensive factors for using those funds, leaving state and local government’s significant liberty when they make spending results. By contrast, state and local governments face more spending limitations on how they use categorical formula grants. For example, definite standards govern the types of roads that state governments may improve using federal highway grant funds. Though, among all probable road schemes that meet the recognized standards, states are normally able to select which ones to fund. Project grants deliver state and local governments the minimum tractability over

The district has vowed to keep residential taxes below $5.00 per $1,000 in assessed value, but they are cutting it close by adding 90 cents to the current rate of $4.09 (Sierra). In the October survey, 48% opposed the bond stating that the increase in taxes would be too high (“Hermiston School District Survey Research Report Executive Summary” 6-7). Admittedly, this is a reasonable opinion for residents to have, however the economic benefits that would result from the bond make the 90 cent increase a worthwhile investment. To start, the fine print of the bond requires that new residents of Hermiston help pay for it. Since Hermiston’s population is expected to expand by 3.00% per year for the next four years and 2.75% in the years following, the $4.99 rate is expected to go down, pleasing those who feel that they are paying too much. Additionally, the district contracted Elesco Limited, an economic service provider from Bend, Oregon, to perform an economic analysis on the impacts of the bond. They found that $24 million in direct labor income would be payed out to over 540 direct sub-contractors over the four year construction period. They also found that the bond would indirectly create 250 jobs within Umatilla County. Remaining funds would be used to buy construction material and Elesco discovered in their analysis that Umatilla County is 75% self-sufficient for those materials.

Championing a cause is a beautiful way for ordinary citizens to be involved in political activism. The modern party activist is more likely to be driven by purposive incentives than ever. This switch away from material and social incentives, driven by an increased awareness of social issues, has allowed party lines to blur in a way that has improved America's political sphere, and has allowed the increased participation of citizens in the democratic process.

The Mason City Chamber of Commerce describes the local economy as “well-balanced”. The majority of states have adopted tax and expenditure limitations

In this paper I explore the relationship between the tax structures of South Carolina and Texas. Through research into tax rates, tax brackets, and the different types of taxes used to create government revenue in the state, I seek to explore the benefits and detriments that the differing tax structures bring to taxpaying citizens in the state and to the business environment in each of the states. I researched taxes placed on individuals, in state businesses, and multistate businesses. Based on the research I concluded that Texas is the better state for business activity with a higher economic growth projections and a top ten rating of Forbes list of top states for business. South Carolina, however, does have benefits for multistate corporations due to a recent change in apportionment formulas and clear Supreme Court Rulings.

During 2000, the New London city passed a growth program that, in the expressions of the Supreme Court of Connecticut, was considered to bring forth an approximate of about 1,000 employments, to augment tax as

People are becoming aware of the financial discrepancy between upstate New York and New York City. Today, the state cuts taxes across the board and letting the market operate; the state has opted to launch some targeted public and public/private initiatives to reenergize the economy Upstate. New York State will do better by making itself more tax-friendly to businesses and

Each year a conference is held between the State and Regions to set the criteria, based on population size and age demographic to allocate funding to the regions. However, regions are allowed to generate additional revenue which has contributed to further financing differences between

As an international student, I came to America last summer. It was my first time to the United States, and Virginia was my first stop. After studying and living in this beautiful state for nearly half a year, I find that the longer time I live here, the more I want to know about it. Hence, I choose Virginia as the topic of my CAFR analysis paper to take a deep look at it. The main purpose of my paper is to discuss the economy, budget and give an analysis to the overall financial condition of Virginia. The CAFR is for the fiscal year ended June 30, 2015.