State and Local Finance
I. Purposes of Taxes
A. Raise Revenue
B. Redistribute Wealth
C. Regulate Economic Activity
D. Impact Specific Activities
II. Types of Taxes
A. "Good" & "Bad" Taxes
B. Progressive Taxes (Federal Personal Income Tax; Tax Burden and Income;
C. Proportional or Flat Taxes
D. Regressive Taxes
III. Major Sources of State and Local Revenue (overview-see Table #5) State Income Tax Collections (see items #3 & #4); State Revenue Reports - 2009))
A. Property Taxes (pie image of local government revenue sources; The Gallagher Amendment; Colorado Spending Rules)
B. Sales Taxes
C. Income Taxes
D. "Sin" Taxes
E. User Fees
F. Severance Taxes
G. Borrowing
IV. Major Areas of State Spending (Denver Budget)
Key Web Sites
Urban-Brookings Tax Policy Center
