For Terri and Reagan R.S.S. For Lora, Ross, Mark, and Connor R.G.H. Library of Congress Cataloging-in-Publication Data Holcombe, Randall G. Growth and variability in state tax revenue : an anatomy of state fiscal crises / Randall G. Holcombe and Russell S. Sobel. p. cm.--(Contributions in economics and economic history, ISSN 0084-9235; no. 189) Includes bibliographical references and index. ISBN 0-313-30423-8 (alk. paper) 1. Revenue-- United States--States. 2. Taxation--United States-- States. 3. United States--Appropriations and expenditures, State. I. Sobel, Russell S., 1968- . II. Title. III. Series. HJ2385.H65 1997 336.2′01373--dc21 97-5597 British Library Cataloguing in Publication Data is available. Copyright © 1997 by Randall G. Holcombe and Russell S. Sobel All rights reserved. No portion of this book may be reproduced, by any process or technique, without the express written consent of the publisher. Library of Congress Catalog Card Number: 97-5597 ISBN: 0-313-30423-8 ISSN: 0084-9235 First published in 1997 Greenwood Press, 88 Post Road West, Westport, CT 06881 An imprint of Greenwood Publishing Group, Inc. Printed in the United States of America The paper used in this book complies with the Permanent Paper Standard issued by the National Information Standards Organization (Z39.48-1994). 10 9 8 7 6 5 4 3 2 -iv- |