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- Title
Information, Tax Salience, and Support for School Bond Referenda.
- Authors
Brunner, Eric J.; Robbins, Mark D.; Simonsen, Bill
- Abstract
We examine whether the salience of the property tax liability implications of voting yes on a school bond referendum affects bond approval rates. We exploit the fact that school districts in Minnesota are required to explicitly note the property tax implications of voting yes on bond referenda in bold capital letters on a ballot while districts in the neighboring state of Wisconsin are only required to inform voters of the amount of bonds to be issued. Using data on local school bond passage rates from Minnesota and Wisconsin over the period 2008–2017, we find that when the property tax implications of voting yes are more salient, the fraction of voters favoring bond passage declines by approximately four to seven percentage points and the probability of bond passage falls by approximately ten percentage points. These results are robust to numerous specification checks including propensity score weighting methods and leveraging the geographic distance between school districts in Minnesota and Wisconsin.
- Subjects
BONDS (Finance); PUBLIC finance; TAXATION; GRANTS (Money); SCHOOL district management
- Publication
Public Budgeting & Finance, 2018, Vol 38, Issue 4, p52
- ISSN
0275-1100
- Publication type
Article
- DOI
10.1111/pbaf.12206