- FRC Report 200 Version
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- September 1, 2009 Create Date
- February 13, 2020 Last Updated
FRC Report 200, September 01, 2009, James R. Alm, David L. Sjoquist
Relative to previous recessions, the 2001 recession was short and weak. Even so, it had a significant effect on the fiscal conditions of U.S. state and local governments, including Georgia. In this Policy Brief we examine how the 2001 recession affected K-12 state and local education spending in Georgia. Since we are interested in the role of state and local governments, we consider state revenue (via grants) to local school systems and own source revenues raised by local school systems, excluding federal funds. The data are obtained from the annual revenue reports prepared by the Georgia Department of Education (GDOE). All values are expressed in real (inflation adjusted) terms, and years refer to school years ending in the year specified.
About the Authors
James Alm is a Professor in the Department of Economics in the Andrew Young School of Policy Studies; previously he has served as Chair of the Department of Economics and as Dean of the School. Much of his research has examined the responses of individuals and firms to taxation, in such areas as the tax treatment of the family, tax compliance, tax reform, the line item veto, social security, housing, indexation, and tax and expenditure limitations. He has also worked extensively on fiscal and decentralization reforms overseas. He is Editor of Public Finance Review and an Associate Editor of Economics-Ejournal and of Review of Economics of the Household.
David L. Sjoquist is Professor of Economics, holder of the Dan E. Sweat Distinguished Scholar Chair in Educational and Community Policy, and Director of the Fiscal Research Center of the Andrew Young School of Policy Studies at Georgia State University. He has published widely on topics related to state and local public finance and urban economics. He holds a Ph.D from the University of Minnesota.