Table A.17:
The Effects of the 1980–1982 Recession on Local Government Revenues
| Dependent variable: Log revenue | ||||||||
|---|---|---|---|---|---|---|---|---|
| General direct revenue | By broad source | By selected detailed source | ||||||
| Taxes | Charges | Intergov’t transfers | Property taxes | Federal transfers | State transfers | Local transfers | ||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
| Interaction between 1979–1982 decrease in log real earnings per capita and year | ||||||||
| 1972 | 0.220 (0.345) |
0.463 (0.472) |
0.628 (1.072) |
0.136 (0.445) |
0.763 (0.519) |
1.998 (3.971) |
−0.678 (0.481) |
2.038 (2.669) |
| 1982 | −0.316 (0.293) |
−0.956 (0.428) |
0.059 (0.826) |
0.122 (0.401) |
−0.985 (0.453) |
−1.032 (1.316) |
0.122 (0.324) |
3.366 (1.987) |
| 1987 | −0.223 (0.326) |
−1.389 (0.689) |
0.209 (0.878) |
0.568 (0.710) |
−1.373 (0.716) |
2.188 (1.484) |
−0.215 (0.696) |
4.549 (3.097) |
| 1992 | −1.054 (0.300) |
−1.854 (0.859) |
−1.619 (0.994) |
−0.153 (0.561) |
−2.230 (0.933) |
0.097 (2.926) |
−0.908 (0.581) |
3.962 (3.180) |
| 1997 | −0.761 (0.392) |
−0.677 (0.652) |
−1.143 (1.112) |
−0.245 (0.627) |
−0.922 (0.646) |
2.818 (2.116) |
−1.194 (0.727) |
3.153 (2.146) |
| Observations | 15,270 | 15,270 | 15,270 | 15,270 | 15,270 | 15,270 | 15,270 | 15,270 |
| Real per capita mean, 1977 | 2,566 | 943 | 437 | 1,186 | 840 | 182 | 934 | 70 |
| Share of total, 1977 | 1.000 | 0.367 | 0.170 | 0.462 | 0.327 | 0.071 | 0.364 | 0.027 |
Notes: See notes to Appendix Table A.16.
Sources: Census of Governments, BEA Regional Economic Accounts, Census County Business Patterns, Census County Data Books, Minnesota Population Center (2011)