Download or read book Revenue Diversi!cation in Large U.S. Cities - IMFG Papers on Municipal Finance and Governance written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we use a panel of data on the financing of the nation's largest central cities from 1997 to 2008 to explore the role of revenue diversification in determining the level of general revenues of the United States' largest central cities. [...] The Financing of Large Central Cities The source of the data used in this study is the Census of Governments for 1997, 2002, and 2007, and the Annual Surveys of State and Local Government Finances for all non-census years between 1997 and 2008. [...] Under the median voter model, the higher this ratio, the lower the tax price facing the median voter, and the higher the level of public services demanded. [...] Nonetheless, even after standardizing for the role of counties and school districts, both a simple comparison of regional averages and the region variables in the multivariate analysis indicate that central cities in the northeast have substantially higher revenues per capita than cities in the rest of the country. [...] This was done by calculating a weighted average of the variable for the cities in the sample, using national data to calculate the ratio of the variable in the given year and the year when data are available for all cities, and then calculating a target weighted average Revenue Diversification in Large U.