State and local governments are at a financial crossroads. As the federal government attempts to reduce its deficits, state governments will have to provide a greater share of support for mandatory social programs. Local governments face demands for new initiatives in education and for civic improvements. Both have obligations to employee pension plans that are large and still relatively untested. Running counter to these claims on state and local budgets is a voter effort to limit the amounts that governments may tax or spend.This fourth edition of James A. Maxwell's classic and widely acclaimed book will help both layman and lawmaker understand the choices open to their governments. It provides a lucid, nontechnical analysis of state and local finance. It gives concise descriptions of the taxes, grants, debt issues, and user charges that finance state and local government and discusses their relative virtues and drawbacks. It traces the history of state and local finance and presents statistical data on expenditures, federal aid, revenue from taxes and user charges, debt, and pension funds. The new edition, in recognition of changes since the mid-1970s, also includes a separate chapter on financing education and broadened analyses of federal grant programs, employee retirement systems, and nonguaranteed municipal debt.

This paper is organized as follows. In Section 2, we motivate and discuss the sequential testing approach. Section 3 discusses invariance principles of the past and present, and the CUSUM and fluctuation instability detectors. Section 4 contains some illustrative Monte Carlo experiments. A summary and concluding remarks are given in Section 5. Proofs are gathered into the Mathematical Appendix

Abstract Does family history matter for policy making in democracies? Linking members of Congress (MCs) to the census, we observe countries of birth for members, their parents, and their grandparents, allowing us to measure ancestry for the politicians in office when U.S. immigration policy changed dramatically, from closing the border in the 1920s to reshaping admittance criteria in the 1960s. We find that legislators descended from immigrant parents or grandparents support more permissive immigration legislation. They are also less likely to speak negatively about immigration in speeches before Congress. A regression discontinuity design analyzing close elections, which addresses district-level selection and holds district composition constant, confirms our results on roll call voting and speech. Efforts to account for selection into immigration—such as comparing international immigrants to domestic migrants and exploiting variation in restrictive legislation targeting specific regions of origin—further confirm the relationship between family immigration experience and more permissive stances on immigration policy. We then explore mechanisms, finding support for in-group identity in connecting family history with policy making. MCs name their children in ways that express immigrant identity, and immigrant-descended MCs discuss immigration using more personal frames, emphasizing family over economic considerations. Our findings illustrate the important role of personal background in legislative behavior in democratic societies, even on major and controversial topics like immigration, and suggest how experiences transmitted from previous generations can inform lawmakers’ views.