Originally published in 1975, this particular study focusses on federal revenue sharing exploring its effects and implications with the purpose of providing a breadth of views on the subject for policy-makers. This title will be of interest to students of environmental studies.

Wallace E. Oates, Robert P. Inman, Martin McGuire, Jeffrey L. Pressman, Robert D. Reischauer

Foreword; 1. Introduction 2.Political Implications of the New Federalism 3. General Revenue Sharing - The Program's Incentives 4.Grants in a Metropolitan Economy - A framework for Policy 5. An Econometric Model of Federal Grants and Local Fiscal Response 6. "Automatic" Increases in Tax Revenues - The Effect on the Size of the Public Budget