The papers included in this volume were presented at a conference sponsored by the Federal Reserve Bank of Boston in June 1970. The conference, which brought together a distinguished group of state and local finance specialists, was the third in a series dealing with important issues affecting monetary policy.

Contents

Entire Proceedings (8.5MB)

Foreword 
  Frank E. Morris

Revenue Sharing Revisited 
  Joseph A. Pechman

Revenue Sharing - A Critical View
  Richard A. Musgrave and A. Mitchell Polinsky, with discussion by George F. Break

The Problem of Redistribution of Federal and State Funds 
  Steven J. Weiss and Robert W. Eisenmenger, with discussion by Dick Netzer

The Variable Cost Burdens of State and Local Governments
  Harvey E. Brazer, with discussion by Benjamin Chinitz

The Case for Broadening the Financial Options Open to State and Local Governments
  Stanley S. Surrey and Frank E. Morris, with discussion by Arthur Levitt

The Case for the Urban Development Bank
  Peter A. Lewis, with discussion by Henry C. Wallich