TY  - JOUR
TI  - The impact of excess taxing capacity on short‐term resources
AU  - Lofton, Michelle L.
PY  - 2021
PB  - Wiley
LA  - eng
AB  - AbstractLocal governments aim to accumulate slack resources to mitigate economic turbulence. Yet efforts to increase multiple slack resources could hinder accumulation. This paper examines whether increasing one form of slack is detrimental to the accumulation of another. By using data from 672 New York local governments from 1996 to 2016, this article examines the impact of excess taxing capacity, or unused property taxing authority, on unrestricted cash and short‐term borrowing. Regression results indicate that short‐term resources are reduced to boost excess taxing capacity for counties to suggest cash flows can be hindered by increasing political forms of slack.
UR  - https://doi.org/10.1111/pbaf.12286
DO  - 10.1111/pbaf.12286
T2  - Public budgeting & finance
VL  - 42
IS  - 1
SN  - 1540-5850
SN  - 0275-1100
SP  - 3-27
UR  - https://www.pollux-fid.de/r/cr-10.1111/pbaf.12286
H1  - Pollux (Fachinformationsdienst Politikwissenschaft)
ER  -