%0 Journal Article
%T Impact of Tax and Expenditure Limits on Local Government Use of Tax
%A Pengju Zhang
%A Sharon N. Kioko
%J Public Finance Review
%@ 1552-7530
%D 2019
%R 10.1177/1091142117723706
%X This study seeks to broaden our understanding of the impact tax and expenditure limits (TELs) have had on local governments. We chose to focus on local government use of tax-supported debt as TELs are limits on the property tax base and related revenues, two essential components used to determine a government¡¯s legal authority to issue tax-supported debt and its fiscal capacity to maintain long-term solvency. Using county-level data, our analysis finds TELs have a negative impact on local government use of tax-supported debt, especially if the government is subject to a limitation on assessed valuation or the property tax levy
%K debt
%K tax and expenditure limits (TELs)
%K debt limits
%U https://journals.sagepub.com/doi/full/10.1177/1091142117723706