Effects of Major New Revenues for Local Government
I'm undertaking an analysis of the local economic effects of a major new revenue source for a local government. The revenues would not be subject to spending limitations, nor would they require offsets in other local government spending, e.g. reductions in property taxes. Specific expenditure priorities are under discussion but have not yet been established. Questions have been raised of the economic effects of different expenditure packages, e.g., 30% to expand general administrative services, 15% to road and bridge construction (using contractors), 15% to low-income housing programs (construction), 10% general housing programs, 5% to general community development, 15% other economic development initiatives,5% to workforce development, and 5% invested. Given the limited details about future expenditures of the funds I'm contemplating an approach that would combine institutional spending and private activity events to estimate the impacts [with many caveats]. For example, for the above I would combine the 533 Employ/Payroll Non-education spending for the admin and community development, Sectors 56/60/63 for road and housing construction, 523 Other Local Real Estate for housing programs, 526 Other Local Enterprise for economic development, and 534 Employ/Payroll Education for workforce development. My search of the Forum didn't yield a topic that seemed to address a similar situation. I'd appreciate your thoughts to the approach (merits, pitfalls/cautions) or a link to case study or topic thread addressing a similar study. Thanks in advance
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