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Examining the Impact of Tax and Expenditure Limitations on Financial Condition of Major American Cities

Xiaoheng Wang

Public Finance and Management2025https://doi.org/10.1177/15239721251384246article
ABDC B
Weight
0.50

What the paper says

Tax and expenditure limitations (TELs) are recognized as a financial institution that restricts the fiscal policy choices made by government officials. However, the impact of state-imposed TELs on municipal financial condition lacks a conclusive stance in existing literature. This paper empirically investigates the impact of this institutional factor on municipal financial condition, measured by cash, budget, and long-term solvency indicators. Analyzing the government-wide financial data from major American cities between fiscal years 2007 and 2016, the panel two-ways fixed-effects regressions and dynamic panel generalized method of moments estimations reveal a negative and statistically significant relationship between TELs stringency and indicators of municipal long-term solvency.

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https://doi.org/https://doi.org/10.1177/15239721251384246

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@article{xiaoheng2025,
  title        = {{Examining the Impact of Tax and Expenditure Limitations on Financial Condition of Major American Cities}},
  author       = {Xiaoheng Wang},
  journal      = {Public Finance and Management},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/15239721251384246},
}

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Examining the Impact of Tax and Expenditure Limitations on Financial Condition of Major American Cities

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.