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The local property tax is the oldest tax in the United States, as well as being the only substantial tax on landed wealth, a major part of the housing expense of most American families, and the most important revenue source for local governments. It is also increasingly limited by state law. This chapter presents a synthetic review of the literature on property tax limitation laws. Property taxation is a crucial resource for local governments because it is primarily a tax on real estate, and land is the least mobile tax base. A tax on the market value of real estate may have the effect of transmitting real estate price shocks to individual land users. Property tax limitation laws provide some homeowners with social protection from such market-induced economic shocks, but they do so at the price of a substantial reduction in state capacity. A meta-regression analysis of published studies finds that property tax levy limitations, on average, reduce local government budgets by as much as 5%. The potential implications for provision of other public goods, including social protection for other groups, are discussed.

This research note examines the conditions under which large U.S. cities pass living wage laws. It updates the only published article on the subject with new data and improved analytic methods. First, it shows that poverty, privatization, and the density of community organizations are associated with policy passage. Second, it provides new quantitative evidence that the living wage movement is, in part, a diffusion process associated with national community-organizing networks.

From 1994 to 1999, 22 large American cities passed "living wage" laws that mandate wages above poverty for certain workers in the private sector. The author argues that political conditions, rather than economic conditions such as urban poverty, best explain the emergence and success of the living wage movement. Quantitative and qualitative evidence shows that living wage policies result from the interaction of national progressive networks with local actors and opportunities. He also argues that federalist government enables as well as constrains local progressivism by favoring policy diffusion among cities.

God loves to provide well for His people. But He understands human nature. He knows how attractive material things can be. The more people have, the greater their temptation to use more and more for selfish reasons. So God gives His people outlets for the excess. "Take heed, and beware of covetousness: for a man's life consisteth not in the abundance of the things which he possesseth" (Luke 12:15). "Charge them that are rich-- that they be rich in good works, ready to distribute,--laying up in store for themselves a good foundation" (1 Timothy 6:17-19). The real enjoyment of riches is the ability to give and share freely with others. That is one way we can lay up treasures in heaven.--Back cover