Do Limits Matter? Evidence on the Effects of Tax Limitations on Student Performance, Journal of Urban Economics
The goal of this research is to determine if limits on the revenue-raising ability of school districts translate into constraints on the ability of these districts to affect student performance. We use the recent imposition of property tax limitations on school districts in the Chicago metropolitan area to determine if these limits have translated into slower growth in student performance. We find only limited evidence that student performance in districts subject to the tax limitations has fallen relative to student performance in districts not subject to the limitations.
Thomas A. Downes, Richard F. Dye, Therese J. McGuire
Downes, A. Thomas, Richard F. Dye, and Therese J. McGuire. 1998. Do Limits Matter? Evidence on the Effects of Tax Limitations on Student Performance. Journal of Urban Economics. 43(3): 401-417.