LOCAL EDUCATION EXPENDITURES, FISCAL CAPACITY, AND THE COMPOSITION OF THE PROPERTY TAX BASE

Abstract

The education expenditure implications of the composition of the local property tax base are examined in the context of the median voter, individualistic utlity maximization expenditure model. On the basis of a 1970 cross section regression analysis of education expenditures in the Boston SMSA, the study concludes that commercial property has a stronger expenditure effect that industrial property. In addition, it is found that the commonly used measure of local fiscal capacity for education, the total property tax base per pupil, compares unfavorably from a distributional point of view with the behavioral concept of fiscal capacity advocated in this study.

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