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Class Twelve -- January 20, 2016
In today’s class, we will explore inter-governmental interactions in budgeting. The two principal readings are chapters from Fiscal Challenges offering institutional perspectives on the subject. Please also read the briefing paper on NFIB v. Sebelius, which deals with conditional spending. For background, several related briefing papers are including discussing the Unfunded Mandates Act and State and Municipal Bankruptcies, a topic alluded to in the Wallis & Weingast chapter. Team Assignment: (Teams G, H & I): The primary readings for this class offer different visions of optimal (or at least possible) fiscal relationships across different levels of government. Which, if any, of these visions do you find compelling and why?
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