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Finance and Economics Discussion Series: Restraining the Leviathan: Property Tax Limitation in Massachusetts
David M. Cutler
Paperback. BiblioGov 2013-02-06.
ISBN 9781288721658
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Publisher description
We examine the effects of Proposition 2-1/2--a property tax limitation law approved by Massachusetts voters in 1980--and assess voter satisfaction with these effects. We find that the proposition had a smaller effect on local revenues and spending than expected, as a result of both amendments to the law and a strong economy. Voters in 1980 believed there was significant waste in local government, partly because of an inability to monitor local officials. Proposition 2-1/2 curbed these agency losses, but direct local override votes and municipal expenditure patterns imply that the proposition initially reduced spending more than voters wanted
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Finance and Economics Discussion Series: Restraining the Leviathan: Property Tax Limitation in Massachusetts
Book reviews » Finance and Economics Discussion Series: Restraining the Leviathan: Property Tax Limitation in Massachusetts
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