محدودیت مالیات بر املاک و شرایط مالی محلی: تاثیر طرح ماده 2½ در ماساچوست

The recent economic downturn has resulted in difficult times for local governments. Cuts in state aid have a disproportionate impact on poorer towns. These towns have been less able to attempt and to pass overrides and hence they have not been able to reap the benefits that this has for their fiscal condition. They are faced with reducing expenditures (e.g. teacher layoffs) or passing overrides to increase revenues. We find that worsening fiscal conditions lead to more overrides so we expect to see more override activity in the near future.