State and local government finance: Massachusetts - Essay Example

Only on StudentShare

Extract of sample
State and local government finance: Massachusetts

The economy of Massachusetts is driven by the agricultural and the industrial sector. The major elements of the agricultural sector include nursery, vegetables, seafood, cranberries and dairy products. The various industries established in the state include tourism, scientific instruments, printing and publishing, electric and electronic equipment and machinery. Median Voter Theorem In relation to Massachusetts’s state and local government finance, Median Voter Theorem allows for representation of policy preferences as a point along a single dimension. Voters have a tendency to prefer a political candidate who has similar ideas to their preferred policies (Fisher, 133). This theory is based on the assumption that people vote directly on budgetary issue. It is expected that under such circumstances, the median preference will carry the day as much as it is not the majority preference. Political competition is known to be very vigorous, in most cases at the expense of innovation. The state of Massachusetts has witnessed several developments by politicians with an objective of luring voters (Fisher, 159). Typical examples of these policies include social security, a proposal to freeze the federal government’s unrestricted spending and healthcare reforms. ...
Download paper

Summary

Instructor: State and Local Government Finance: Massachusetts Introduction This paper seeks to highlight on issues of state and local government finance in relation to the state of Massachusetts. The state and local government finance encompasses the sale and delivery of debts generated by the state of Massachusetts (Fisher, 201)…
Author : arnemraz

Related Essays

The Effectiveness of Internal Auditing in Saudi Arabian Local Government
Variables used to measure the efficiency include the competence of the staff in the audit department, the size of the department, the independence and autonomy of the audit department, the management support of the audit process, relationship of the internal practitioners with the internal auditors and eventually, the relationship between the audit council and the auditing department (Kamrava, 2010).
...
15 pages (3765 words) Essay
Do Modern Finance And Government Intervention Crash The Financial System?
This crisis resulted in severe issues including threat of total failure of large financial institutions, evictions, foreclosures, stock market downturns, housing market meltdowns, job terminations, and prolonged unemployment. Evidently, the 2008 global financial crisis significantly reduced the growth rate of countries worldwide and many western economies including US suffered huge net losses. A large number of business organizations went out of the business and thus many investors lost their money. Investigation reports indicate that it was the US housing bubble that led to the damage of...
12 pages (3012 words) Research Paper
State Budget Nationally and in Massachusetts
The budget cuts ratified in no less than 46 states in addition to the District of Columbia ever since 2008, have been executed in all main sections of state services. The state services where the budget cut have been incurred include the health care segment in around 31 states, primary education segment in 34 states as well as the District of Columbia, higher education segment in 43 states, and services to the old as well as disabled in 29 states in addition to the District of Columbia among other areas. The States have made these budget cuts for the reason that revenues earned by the States...
4 pages (1004 words) Essay
Economics of State and Local Government
If the schools do not make acceptable grades then corrective action or school improvement will be implemented. Data will also be sorted according to each demographic, (race, sex, poverty, ethnicity, disability and English proficiency) to better recognize groups that aren’t meeting standards. Each State will also be measured against each other. Charter school programs, rural education programs, education provision for homeless children and youth, programs and funding designed to provide children attending unsafe school opportunity to attend a safe school, and safe and drug free school policy...
6 pages (1506 words) Essay
Local Government Or A Non-Profit Organization
Budgeting process refers to determining expenditure needs of the organization in line with its overall objective and long term strategies. It is usually done after assessment of expected expenditure because its relevance is ultimately decided by judging the real expenditure and the proposed allocation in a particular program and also in overall budget. Thus, monitoring of budget is also an important part of the whole budgeting process. Budgetary variances between actual and budgeted allocations must be minimized to increase reliability of forecasting. Some of the common causes of budget...
5 pages (1255 words) Article
state budget cuts nationally and in Massachusetts
The state services where the budget cut have been incurred include the health care segment in around 31 states, primary education segment in 34 states as well as the District of Columbia, higher education segment in 43 states, and services to the old as well as disabled in 29 states in addition to the District of Columbia among other areas. The States have made these budget cuts for the reason that revenues earned by the States from income taxes as well as sales taxes, in addition to other revenue resources used to compensate for the above discussed state services decreased owing to the...
4 pages (1004 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!