The Intergovernmental Grant System Mar 21, 2012 By Raymond C. ScheppachW. Bartley HildrethRobert D. EbelJohn E. Petersen (eds.) The Intergovernmental Grant System State and local government fiscal systems have increasingly become vulnerable to economic changes. Over the past three decades, state and local deficits during economic recession have been larger and deeper each time. The impact of the Great Recession and its aftermath of feeble growth and lingering high unemployment has been dramatic both in scope and intensity. Before the crisis, long-term structural deficits were persistent for both individual governments and the entire sector as spending plans and patterns outpaced governments’ revenue-generating capacity. The revenue systems of these governments eroded while the workloads and scope on the expenditure side of the state and local system budget continued to grow. This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. It contains 35 chapters authored by 60 practitioners and academics who are renowned scholars in state and local finance. Each chapter provides a description of the discipline area, examines major developments in policy, practices and research, and opines on future prospects. The chapters are divided into four sections. Section I is a systematic discussion of the institutional, economic, and political framework that provides a background for understanding the structure and financial performance of the state and local sector. The chapters in Section II provide an overview of the various components of state and local revenue systems and how they reacted to the Great Recession. They analyze the diverse forms of taxes and charges in detail, prescribe remedies and alternatives, and examine the implications for future revenue performance. Chapters in Section III turn to spending, borrowing and financial management in the state and local sector. The focus is on the big six service delivery sectors: education, health care, human services, transportation, pensions, and housing. Section IV is a set of chapters that look ahead and speculate about how the state and local government sector’s money-raising, spending, and service delivery structures will adjust to the new circumstances. Readership: State and local government officials, observers and academic community that follow the state and local sector. The book is not just for academics. It is written by and for practitioners of state and local government finance. The Oxford Handbook of State and Local Finance The Oxford Handbook of State and Local Finance Areas of focus Economics Raymond C. Scheppach Ray Scheppach is a professor of public policy at the Frank Batten School of Leadership and Public Policy and currently holds a joint appointment at UVA's Miller Center. Scheppach is a national expert on federalism and the role of states in our inter-governmental system and studies the role of governors as leaders on domestic policy issues. Read full bio W. Bartley Hildreth Robert D. Ebel John E. Petersen (eds.) Related Content Raymond C. Scheppach New Roles for States in Health Reform Implementation Research State policies and implementation practices will largely determine whether the new federal health reform law translates into more affordable coverage and access to health care services. States will play particularly important roles with respect to Medicaid expansion, the creation of insurance exchanges, and the new market rules for insurance. Ray Scheppach on Virginia's State Budget Process News Batten professor Ray Scheppach shares his knowledge on the Virginia state budgeting process as a guest on the WTJU podcast Bold Dominion. Did US States Get More Money Than They Needed for COVID-19 Relief? News Interviewed for The Conversation, Batten’s Raymond Scheppach says the flood of federal money may have been a rare occurrence in federal-state relations: too much of a good thing.