Tax and expenditure limits (TELs) are restrictions placed on governments limiting their ability
to collect and spend revenue. Residents support these TELs, as they desire lower tax …

The research focuses on the impact of the restrictiveness of tax and expenditure limitations
(TELs) on the credit ratings of 566 US municipalities over the 2007-2010 time period. The …

The literature on tax and expenditure limitations (TELs) is extensive and continues to grow
as the impact of these institutional constraints on fiscal and economic outcomes continues to …

Recessions may disproportionally affect school districts, especially with established fiscal
institutions and policies including balanced budget requirements, tax and expenditure …

The Great Recession of 2008–09 caused an array of fiscal challenges for state and local
governments in the US, including the underfunding of pensions and retiree health benefits …

Tax and expenditure limits (TELs) are an important fiscal institution for policymakers to
restrain government taxing and spending. However, traditional theories have proposed …

This article examines how state tax and expenditure limitations (TELs) affect the size of fiscal
reserves over election cycles. Using a panel data set of 47 US states from 1986 to 2013, we …

Through the nineteenth century numerous US states developed extensive municipal fiscal
constitutions. These generally came in the wake of financial crises and large-scale default of …

How state-imposed tax and expenditure limits (TELs) affect municipal revenues depends on
both the terms the limits and the municipal revenue level. The majority of TEL literature …

To help policy makers manage expenditures during periods of economic downturns, most
states have formal budget stabilization funds and unreserved fund balances. Using indices …