Cracks in the Local Fiscal Foundation

• Cracks in the Local Fiscal Foundation
  
• What is the Local Fiscal Foundation?
  
• City Revenues
  
• Largest Source of General Purpose Local Revenues
  
• Property Tax
  
• Sales Tax
  
• Vehicle License Fee
  
• Strengths of Local Fiscal Foundation
  
• Three “Cracks” in the Foundation
  
• Crack One: Local Fiscal Control
  
• Local Fiscal Control Spawns Greater Accountability
  
• How Does California’s Local Government Fiscal Base Rate?
  
• Property Tax Allocation
  
• Property Tax Allocation
  
• How VLF Revenues Are Distributed
  
• Summary of Local Fiscal Control
  
• Second Crack: Not Conducive to Broad Economic Growth
  
• Instead, Local Fiscal System Encourages Cities and Counties to
  
• What Fiscal Incentive Do Cities Face?
  
• Third Crack: Different Tax Burdens for Similar Taxpayers
  
• California’s Local Fiscal Foundation
  
• Acquisition Value For Residential Properties
  
• Acquisition Value For Non-Residential Properties
  
• Summary: Three Cracks in Fiscal Foundation
  
• What Should Commission Do?
  
• Fixing Cracks in Foundation
  
• More Ideas . . .
  
• More Ideas . . .
  
• More Ideas . . .
  
• Suggestion to Commission

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