The General Revenue Sharing Formula, Distributional and Equalization Effects of the General Revenue Sharing Formula and General Revenue Sharing Formula Alternatives

摘要

The paper presents an analysis of the distributional and equalization effects of the present and alternative formulas for the determination of entitlements for the General Revenue Sharing program. It contains a synoptic review of background information focusing on the existing GRS formulas, a brief discussion of major formula issues, a description of the frameworks utilized in the analysis of present and alternative formulas, and several series of tables and maps depicting the effects of various formula modifications.