State and Federal Grants-In-Aid

State and Federal Grants-In-Aid

State and Federal Grants-In-Aid

State and Federal Grants-In-Aid

Excerpt

In the present unsettled state of the financial and administrative relations of central and local governments throughout the world, a study of the state and federal grants-in-aid in the United States should be timely, even though a definitive treatment will scarcely be possible until several years have elapsed, when, presumably, the current vogue for makeshift legislation will have given way to more orderly procedures. It seems probable that the methods of financing and administering highway systems, and to a lesser extent, school systems, will change in the course of the next decade. Depression conditions have altered the proportions of taxes collected for central and local governments, and the newer division may become permanent at least in many areas, and as a result the grant-in-aid system will probably be extended. Even though the social security act may be greatly modified by the next Congress, the fiscal role assumed by the national government in the finance of unemployment relief and other social welfare activities alters traditional policies and constitutes one of the basic problems of the times. Judicial approval of the recent tax changes may in time open the way. to a more extended direction of state fiscal policies by the federal Congress. The grant-in-aid is one of several alternative means of adjusting changed revenue systems to prevalent administrative organization, so that a consideration of the operations of the system and its advantages and defects in comparison to a transfer of functions or the sharing of centrally collected taxes, may be of more than academic interest.

The present study is a revision of a doctoral dissertation presented to the Department of Economics of the University of Chicago in 1932. In the intervening period considerable modification has been necessary. The rather wide circulation of the original typescript would indicate a fairly general interest in the subject matter, sufficient to justify publication of the revision at this time.

Grateful acknowledgment should be made to those who have . . .

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