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 

    F.    Tax Expenditures

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

States in Fiscal Peril

Glossary of Terms

The Tax Foundation

Urban-Brookings Tax Policy Center

Rockefeller Source for State and Local Information

Colorado Policy Train Wreck

Tax Policy Links

Cato Institute:  Tax Policy

Why Taxes Matter