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Topic: Fiscal neutrality


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Tax

In the News (Thu 25 Apr 19)

  
  FULL TEXT OF GAO STUDY   (Site not responding. Last check: 2007-11-06)
The fiscal neutrality score (which controls for differences in cost and need) is the elasticity of total funding per weighted pupil relative to income per weighted pupil.
A positive fiscal neutrality score would indicate that per pupil funding rises with income; a fiscal neutrality score of 0 would indicate that fiscal neutrality has been achieved (that is, no relationship exists between per pupil funding and per pupil income); and a negative score would indicate higher funding in low-income districts.
The second section shows how the variation in fiscal neutrality scores among states is explained by differences in state equalization policies (state share and state targeting) and by differences in the relative local tax effort of wealthy and poor districts.
members.aol.com /rhino/pa75.htm   (12064 words)

  
 Fiscal neutrality - Wikipedia, the free encyclopedia
Fiscal neutrality is a term referring to the impact of taxation on the economy.
The discussion about fiscal neutrality therefore really concerns tax measures that introduce distortions into the economy or society that raise serious doubts as to the wisdom of the tax measure.
In some cases, the fiscal distortion is deliberate, so as to compensate for externalities.
en.wikipedia.org /wiki/Fiscal_neutrality   (631 words)

  
 [No title]
While we take no stand on the desirability of fiscal neutrality as a policy goal, it is a good benchmark to measure the performance of a rainy day fund because the purpose of a rainy day fund is to reduce the need for tax increases and expenditure cuts.
Thus, a natural measure of fiscal stress for purposes of analyzing rainy day funds is the amount of discretionary tax increases plus the amount that expenditures were reduced from their long run trend growth during a recession.
Fiscal years are named for the year in which they end so, for example, the contraction ending in November 1982 actually ended in fiscal year 1983 for all of the fifty states.
www.uap.vt.edu /classes/uap5544/pdf/sobelimpact.html   (7070 words)

  
 Jack/Miller Paper   (Site not responding. Last check: 2007-11-06)
Neutrality is indeed of utmost importance: the university exists as a home for and facilitator of free thought, mental risk taking and criticism by peers.
Approximating neutrality is vital to the fulfillment of the educational mission of the college, yet that very mission is charged with political and moral values and judgments.
Neutrality cannot be approached on a large scale without the institution, and an institution which does not defend neutrality cannot really be a functional, respected university.
wso.williams.edu /orgs/druids/jack_miller/jack_miller.html   (20112 words)

  
 The Hindu Business Line : The drag of a VAT on freefall
Neutral tax policy for avoidance of interference with the allocation of resources is a principle in a developed economy (J. Due — `Government Finance, 1959').
Neutrality may not be the correct policy for optimal allocation of resources for planned growth.
VAT is not neutral between capital and labour and it is not neutral when it has multiplicity of rates and exemptions.
www.thehindubusinessline.com /2005/01/29/stories/2005012900670900.htm   (1026 words)

  
 2. The economic justification of tax harmonisation in the EC   (Site not responding. Last check: 2007-11-06)
Subsidiarity: The transfer of fiscal competence from the national to the supranational level should only occur where fiscal goals cannot adequately be reached on the national plane.
As the argument for fiscal federalism goes, it would be acceptable for tax decisions to be taken at Community level and others at a lower level, and this in the light of the different demands for public goods and services which feature in various countries having different national, political and cultural traditions.
A factor which challenges the foundations of the arguments for fiscal federalism remains that it is a fundamental principle for MSs to retain for themselves their exclusive power to tax.
www.cc-advocates.com /publications/articles/eu-tax-harmonisation-2.htm   (3165 words)

  
 Economics/Finance of Education   (Site not responding. Last check: 2007-11-06)
Professor Jonathan T. Hughes, Ph.D. The issue of fiscal neutrality among Suffolk County school districts was examined in the class on finance.
Fiscal neutrality is the idea that the amount of dollars spent by a school district should not make a difference in educational outcomes.
Vertical equity and horizontal equity were studied in determining the level of fiscal neutrality.
www.caherbert.com /finance1.htm   (141 words)

  
 Selected Papers in School Finance 1994
To adjust the fiscal variables for economies-of-scale a regression analysis of expenditures per pupil from all districts in the country would be required.
The long-term goal for both education fiscal data in general and for opportunity-to-learn fiscal data in particular should be to collect data on both a school and district basis.
If fiscal opportunity to learn were not provided, it clearly should be possible to include the above professional development costs in education system budgets over a short period, since they represent an increase of only 1 to 3 percent and a refocusing of current professional development funds.
nces.ed.gov /pubs/web/96068cmp.asp   (11503 words)

  
 Fiscal neutrality (via CobWeb/3.1 planetlab2.cs.umd.edu)   (Site not responding. Last check: 2007-11-06)
When it is said that Fiscal neutrality is desirable, the meaning is that the tax measure or policy should not introduce undesirable distortions into the normal working of the economy.
Over several years the distortion grew to the point that the majority of cars used by working families were company cars and the dealership structures, and even the types of cars used, altered to adjust to the tax regime.
In Some cases, the Fiscal distortion is deliberate, so as to discourage certain types of activities.
fiscal-neutrality.iqnaut.net.cob-web.org:8888   (571 words)

  
 EPAA Vol. 12 No. 31 Welner: Colorado's Voucher Law:
Examining the Claim of Fiscal Neutrality
It identifies two significant fiscal impacts – one for taxpayers and one for public school districts: 1) Once the voucher law was fully implemented, it would have cost taxpayers an additional amount of approximately $10 million per year.
The purpose of this study is to estimate the fiscal effect of the taxpayer subsidization of this likely group of voucher recipients who would attend private schools irrespective of voucher availability.
As stated at the outset of this article, the conclusion that Colorado’s voucher law is not fiscally neutral does not establish whether the law was good public policy.
epaa.asu.edu /epaa/v12n31   (7272 words)

  
 Private consumption, inflation and the "debt neutrality hypothesis", the case for eight OECD countries   (Site not responding. Last check: 2007-11-06)
Private consumption, inflation and the "debt neutrality hypothesis", the case for eight OECD countries
Estimates of the inflation-adjustment and fiscal illusion parameters are provided and specification tests opposing the three versioins of the model are performed.
Interestingly, however, a comparison of the results across countries suggests that the degree of fiscal illusion is low precisely in the countries where the growth of public debt is explosive.
www.oecd.org /LongAbstract/0,2546,en_2649_34595_1874754_1_1_1_1,00.html   (234 words)

  
 [No title]
Introduction The notion of fiscal neutrality, the desired neutral relationship between fiscal resources per pupil and local community wealth, first presented by Coons, Clune and Sugarman (1969) has been an accepted tenet of school finance policy since Serrano v.
Consistent with recent emphasis on educational opportunities over pure fiscal inputs to schooling, we expand the neutrality principle to suggest that the availability of specific educational programming opportunities should be neutral with respect to all student characteristics not directly associated with educational need.
Neutrality should be measurable by assessing statistical relationships between the availability of opportunities across districts serving students of varied background characteristics seemingly unrelated to their educational needs.
web.ku.edu /~bdbaker/papers/lps1gt.doc   (5048 words)

  
 Decentralization and rural property taxation
3.1 The fiscal functions of central and local governments are traditionally analysed in terms of their respective roles and responsibilities for income redistribution, expenditure provision, tax assignments and tax transfers.
This implies that decentralization should be a fiscally neutral devolution of responsibilities.
In order to accomplish fiscal neutrality, estimates should be prepared for the full costs of the services that are to be devolved to the local governments.
www.fao.org /docrep/007/y5444e/y5444e05.htm   (4297 words)

  
 Amazon.com: Neutrality and Subsidiarity in Taxation (Efs (Series), 3.): Books: Stephen Smith   (Site not responding. Last check: 2007-11-06)
While tax neutrality generally requires a substantial degree of tax harmonization, subsidiarity, in contrast, implies that each Member State should be permitted as much tax sovereignty as is commensurate with the goals of free trade and free competition in the single internal market.
Smith concludes that the complex balance between neutrality and subsidiarity requires supervision and audit of Member States' enforcement practices.
This brochure is the third in a new series initiated by the Foundation for European Fiscal Studies.
www.amazon.com /Neutrality-Subsidiarity-Taxation-Efs-3/dp/9041109013   (566 words)

  
 CPRE - School Finance Equity Statistics
Two principles of school finance equity are addressed here: 1) fiscal neutrality; and 2) horizontal equity.
Fiscal neutrality refers to the degree to which the resources available to schools vary with local fiscal capacity, such as property wealth or household income.
Two commonly used statistics for measuring fiscal neutrality are the correlation coefficient and wealth elasticity.
www.wcer.wisc.edu /CPRE/finance/equitystats.php   (582 words)

  
 Welfare Reform Bill Comparison--By Title   (Site not responding. Last check: 2007-11-06)
The absence of provisions regarding existing waiver and current cost neutrality liabilities suggests that current waivers may be maintained if a state desires; cost neutrality agreements will continue to apply.
States are permitted to end their demonstration programs without fiscal penalty, accrued cost-neutrality liabilities are held harmless.
Fiscal sanctions for any state which does not maintain this level of effort: a dollar for dollar reduction of that state's share of the federal block grant.
www.ncsl.org /statefed/HR4TITLE.htm   (4110 words)

  
 East County Observer - Sarasota and Manatee Weekly Newspaper   (Site not responding. Last check: 2007-11-06)
County Attorney Steve DeMarsh voiced his opinion that the fiscal neutrality policy was not legal if it requires developments to provide, on an annual basis, that they are fiscally neutral.
Being fiscally neutral would have the developers proved proper infrastructure for the projected growth; utilities such as sewer and water and public services such as police and fire department stations.
He said golf courses are worth more to homes, raising the values and thereby providing the development an ability to be fiscally neutral - another mandate within the policy requiring developments to pay their own way on infrastructure, utilities and services.
www.ecobserver.com /viewarticle.cfm?ID=540   (1162 words)

  
 SSRN-Fiscal Policy Effectiveness and Neutrality Results in a Non-Ricardian World by Carsten Detken
The paper introduces monetary and fiscal regimes into a Blanchard-Weil overlapping generations model.
Contrary to intuition, it is shown that fiscal policy becomes more effective, the less the central bank monetises government debt.
Furthermore, there is a degree of debt monetisation at which Ricardian equivalence seems to hold in this "non-Ricardian" model, as fiscal policy is neutral with respect to agent's net wealth.
papers.ssrn.com /sol3/papers.cfm?abstract_id=355140   (296 words)

  
 New results in support of the fiscal policy ineffectiveness proposition. | Government from AllBusiness.com
These independent results concerning the short-term nonneutrality of anticipated monetary policy, on one hand, and of anticipated fiscal policy on the other hand, appear to concur in rejecting the hypothesis of policy ineffectiveness.
Real output is affected by a large number of factors, but excluding either monetary or fiscal policy would seem to create the greatest potential shortcoming.
To the extent that either anticipated or unanticipated monetary and fiscal policy actions are correlated with each other, previous tests of money neutrality that exclude fiscal variables and tests of fiscal neutrality that exclude monetary variables suffer from an omitted variables problem leading to biased coefficient estimates.
www.allbusiness.com /government/117431-1.html   (788 words)

  
 The Hindu Business Line : Tight control over Govt expenditure
In other words, the budgeted fiscal deficit for 2004-05 is understated by almost Rs 11,000 crore.
It is very difficult to estimate exactly how much prepayment the Government should have done this September to maintain the fiscal deficit neutrality of the exercise but a number close to Rs 20,000 crore looks most likely.
Even if you add Rs 20,000 crore to the fiscal and primary deficit numbers in the table for this year (for reasons mentioned above), all the three deficit parameters are lower than last year's.
www.thehindubusinessline.com /2004/12/06/stories/2004120601091200.htm   (951 words)

  
 Goleta Valley Reorganization
On December 28, 1999 LAFCO issued a Certificate of Sufficiency and initiated its study of the proposal.
Reorganization alternatives fiscal analysis—including the development of an operating definition of fiscal neutrality and a “fatal flaw” analysis;
Goleta Incorporation Revenue Neutrality Agreement presented to the Board of Supervisors March 20, 2001.
www.countyofsb.org /gvr   (584 words)

  
 Intergenerationally Neutral Taxation
The paper proposes a basic definition of intergenerational neutrality of fiscal policy in the life cycle model.
The requirement of intergenerational neutrality imposes a restriction on the use of fiscal instruments that eliminates any welfare effects from intergenerational redistribution and thereby isolates the price effects of fiscal policy.
Hence, the derivation of intergenerationally neutral tax effects provides a benchmark for evaluating the redistributive content of an arbitrary fiscal program.
ideas.repec.org /p/bon/bonsfa/305.html   (276 words)

  
 neutrality - OneLook Dictionary Search
Neutrality : Online Plain Text English Dictionary [home, info]
NEUTRALITY : 1911 edition of the Encyclopedia Britannica [home, info]
Phrases that include neutrality: armed neutrality, neutrality act, tax neutrality, carbon neutrality, fiscal neutrality, more...
www.onelook.com /?w=neutrality   (244 words)

  
 [No title]   (Site not responding. Last check: 2007-11-06)
The study, “Colorado’s Voucher Law: Examining the Claim of Fiscal Neutrality,” published in the electronic journal Education Policy Analysis Archives on July 2nd, concludes that the law just ruled unconstitutional, as well as any revised law with similar eligibility provisions, would actually cost Colorado taxpayers an additional $10 million per year once fully implemented.
Welner’s research explains that a current snapshot of private school enrollments would include a subset of students who fall into the law’s eligibility categories: students who are low-income and who live in the eligible attendance areas.
The conclusion that Colorado’s voucher law was not fiscally neutral does not establish whether the law is good public policy.
www.asu.edu /educ/epsl/press_releases/EPAA/EPAA-0407-101-PRS.doc   (886 words)

  
 School Choice Hot Topics
Legislators intended that the program have no fiscal effect on school districts outside of Milwaukee.
Because of complexities in the state's school aid formula, this goal of fiscal neutrality was not achieved.
Below is a Legislative Fiscal Bureau (LFB) report describing the effects of the current law.
www.schoolchoiceinfo.org /topics/item.cfm?id=21   (335 words)

  
 UNCW 2006-2007 Online Undergraduate Catalogue   (Site not responding. Last check: 2007-11-06)
ECN 324.   Money and Capital Markets (3) Prerequisite: ECN 222.  An introduction to the financial and economic environment within which a firm must operate.  Analysis of the sources and the cost and availability of funds in a domestic and international setting; analysis of international monetary flows; financial decision making in an integrated world economy.
ECN 328.   Public Finance (3) Prerequisite: ECN 222.  Study of state, local, and federal government revenue and expenditures; theory of taxation, tax shifting and incidence; theory of public goods, fiscal neutrality and government regulation; methods of achieving efficiency in government benefit-cost analysis, program budgeting (PPB), and pricing of government services.
ECN 329.   Industrial Organization and Public Policy (3) Prerequisite: ECN 222.  A theoretical and empirical study of how the structure of industry affects the conduct and performance of the firm; balanced coverage of public policy as it affects structure, conduct and performance.
www.uncwil.edu /catalogue/courses/ECN.htm   (644 words)

  
 Find in a Library: Fiscal neutrality toward economic growth; analysis of a taxation principle
Find in a Library: Fiscal neutrality toward economic growth; analysis of a taxation principle
Fiscal neutrality toward economic growth; analysis of a taxation principle
WorldCat is provided by OCLC Online Computer Library Center, Inc. on behalf of its member libraries.
www.worldcatlibraries.org /wcpa/ow/4f2b5e9d1fe57701.html   (69 words)

  
 Giovanni Ganelli - IMF Author Information
Before joining the Fund, he was a Research Fellow at the Department of Economics and at the Institute for International Integration Studies of Trinity College Dublin.
"Effetti di Benessere della Politica Fiscale in un Modello a Due Paesi con Concorrenza Imperfetta", Annali della Fondazione Einaudi, Vol.
"Fiscal Policy in a Small Open Economy: Theory and Evidence" (with M. Hoffmann).
www.imf.org /external/np/cv/CV.aspx?AuthID=115   (385 words)

  
 Fiscal Policy with Impure Intergenerational Altruism
Recent work demonstrates that dynastic assumptions guarantee the irrelevance of redistributional policies, distortionary taxes, and prices--the neutrality of fiscal policy (Ricardian equivalence) is only the "tip of the iceberg." This paper investigates the possibility of reinstating approximate Ricardian equivalence by introducing a small amount of friction in intergenerational links.
If Ricardian equivalence depends upon significantly shorter chains of links than do these stronger neutrality results, then friction may dissipate the effects that generate strong neutrality, without significantly affecting the Ricardian result.
"Fiscal Policy With Impure Intergenerational Altruism," NBER Working Papers 2613, National Bureau of Economic Research, Inc.
ideas.repec.org /a/ecm/emetrp/v59y1991i6p1687-1711.html   (360 words)

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