How Will Rethinking Revenue Approach This Challenge?
Financial Foundations Framework
How Will Rethinking Revenue Approach This Challenge?
Step 1: Define the Problem
We contend that rethinking is necessary because local government revenues have not remained aligned with modern economic realities. We will show that this contributes to distortions in the economy and unfairness in how taxpayers are treated.
Step 2: Define Criteria for Evaluating Options
These criteria will help us differentiate between how local governments could raise revenue and how they should raise revenue. How local governments should raise revenue is not just or even a technical question of economics or finance.