Hostname: page-component-cd9895bd7-7cvxr Total loading time: 0 Render date: 2024-12-26T05:19:25.785Z Has data issue: false hasContentIssue false

Fiscal Trends: Implications for the Rural South

Published online by Cambridge University Press:  28 April 2015

Mark S. Henry
Affiliation:
Department of Applied Economics and Statistics, Clemson University, Clemson, SC 29634
David L. Barkley
Affiliation:
Department of Applied Economics and Statistics, Clemson University, Clemson, SC 29634
Haizhen Li
Affiliation:
Department of Applied Economics and Statistics, Clemson University, Clemson, SC 29634

Abstract

Key demographic trends in the rural South over the next decade—the aging of the population as baby boomers enter retirement, continued migration to the South, and rapid increases in shares of Hispanic residents—may have profound consequences for the financing of rural community public services. In this paper, we provide an overview of demographic and economic trends that are expected to influence the ability of rural communities to provide essential public services. In addition, we provide econometric evidence on the impacts that these trends are likely to have on the financing of K-12 education in South Carolina.

Type
Invited Paper Sessions
Copyright
Copyright © Southern Agricultural Economics Association 2003

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Campbell, P.R.Population Projections for States by Age, Sex, Race, and Hispanic Origin: 1995 to 2025.” U.S. Bureau of the Census, Population Division, 1996, PPL-47.Google Scholar
Fuguitt, G., Beale, C., and Tordella, S.. “Recent Trends in Older Population Change and Migration for Nonmetro Areas, 1970-2000.Rural America 17(2002): 1119.Google Scholar
Gale, W., and Orszag, P.. “The Vanishing Budget Surplus: Interpreting CBO's New Projections and Fiscal Prospects.” Washington, DC: The Brookings Institution, August 29, 2002.Google Scholar
Gale, W., and Orszag, P.. “Perspectives on the Budget Outlook.” Washington D.C.: The Brookings Institution, February 10, 2003.Google Scholar
Harris, A.R., Evans, W.N., and Schwab, R.M.. “Education Spending in an Aging America,Journal of Public Economics 81(2001):449–72.CrossRefGoogle Scholar
Hoynes, H.W.Comment on MaCurdy and Nechyba.” Demographic Change and Fiscal Policy. Auerbach, A. and Lee, R., eds., pp. 149–54. Cambridge, MA: Cambridge University Press, 2001.CrossRefGoogle Scholar
Krugman, P.New York Times, February 14, 2003.Google Scholar
Ladd, H.F.Local Education Expenditures, Fiscal Capacity, and the Composition of the Property Tax Base.” National Tax Journal 28(June 1975): 145–58.CrossRefGoogle Scholar
Ladd, H.F., and Murray, S.E.. “Intergenerational Conflict Reconsidered: County Demographic Structure and the Demand for Public Education.Economics of Education Review 20(2001):343–57.CrossRefGoogle Scholar
Lav, I.J., and Johnson, N.. “State Budget Deficits for Fiscal Year 2004 Are Huge and Growing.” Washington, DC: Center on Budget and Policy Priorities, December 23, 2002.Google Scholar
MaCurdy, T., and Nechyba, T.. “How Does a Community's Demographic Composition Alter Its Fiscal Burden?Demographic Change and Fiscal Policy. Auerbach, A. and Lee, R., eds., pp. 101–48. Cambridge, MA: Cambridge University Press, 2001.CrossRefGoogle Scholar
McMahon, W.W.An Economic Analysis of Major Determinants of Expenditures on Public Education.” Review of Economics and Statistics 52(August 1970):242–52.CrossRefGoogle Scholar
Miley, H. and Associates, Inc. “School District Organization in South Carolina: Evaluating Performance and Fiscal Efficiency.” Report to the SC Education Oversight Committee, January 16, 2003, Columbia, SC.Google Scholar
Murdock, S.H.The Population of Texas: Historical Patterns and Future Trends Affecting Education.” Dept. of Rural Sociology, Texas A&M University. Internet site: www.txsdc.tamu.edu. (Accessed December 2002).Google Scholar
NGA, National Governors Association and the National Association of State Budget Officers. The Fiscal Survey of States. Washington, DC, November 2002.Google Scholar
New York Times. January 16, 2003.Google Scholar
Renkow, M.Non-metropolitan Population Growth in North Carolina.” Southern Perspectives. 5:1: 1-5. Southern Rural Development Center, Summer 2001.Google Scholar
Rivlin, A.M.Another State Fiscal Crisis: Is There A Better Way?WR&B Brief #23. Washington, DC: The Brookings Institution, January 2003.Google Scholar
Smith, A.S., Ahmed, B., and Sink, L.. “An Analysis of State and County Population Changes by Characteristics: 1990–1999.” Working Paper Series No. 45, Population Division, U.S. Census Bureau, Washington, DC. 20233-8800, November 2000.Google Scholar