Reforming Australia's fiscal federalism: Should municipal bond banks play a greater role?

Grant, B; Woods, R

Reforming Australia's fiscal federalism: Should municipal bond banks play a greater role?

Grant, B

Woods, R

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Publication Type:: Journal Article
Citation:: Australasian Journal of Regional Studies, 2016, 22 (2), pp. 243 - 262
Issue Date:: 2016-01-01

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Field	Value	Language
dc.contributor.author	Grant, B https://orcid.org/0000-0002-8055-6046	en_US
dc.contributor.author	Woods, R	en_US
dc.date.available	2016-05-01	en_US
dc.date.issued	2016-01-01	en_US
dc.identifier.citation	Australasian Journal of Regional Studies, 2016, 22 (2), pp. 243 - 262	en_US
dc.identifier.issn	1030-7923	en_US
dc.identifier.uri	http://hdl.handle.net/10453/51736
dc.description.abstract	The theoretical benefits of decentralisation (political, administrative, and fiscal, for example) have been the subject of debate across a range of polities and supra-national political economies for several decades. However, the question of how finance might best follow function - and the attendant oversight of this process - is less resolved. Against the backdrop of mooted reforms to the Australian federation that may well have an impact upon the design of and scope for local and regional governance arrangements, this paper provides an account of the formation and functioning of the Local Government Finance Authority of South Australia (LGFA) the New Zealand Local Government Funding Agency (NZLGFA) and the Municipal Finance Authority of British Colombia (MFABC). The case studies suggest that own-source sub-national finance can be augmented through the use of such instruments. The broader introduction of such financial instruments is also considered.	en_US
dc.relation.ispartof	Australasian Journal of Regional Studies	en_US
dc.title	Reforming Australia's fiscal federalism: Should municipal bond banks play a greater role?	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	22	en_US
utslib.for	1205 Urban and Regional Planning	en_US
utslib.for	1604 Human Geography	en_US
utslib.for	1402 Applied Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (Research)
pubs.organisational-group	/University of Technology Sydney/DVC (Research)/lnstitute for Public Policy and Governance
pubs.organisational-group	/University of Technology Sydney/Strength - IPPG - Institute for Public Policy and Governance
utslib.copyright.status	closed_access
pubs.issue	2	en_US
pubs.publication-status	Published	en_US
pubs.volume	22	en_US

Abstract:

The theoretical benefits of decentralisation (political, administrative, and fiscal, for example) have been the subject of debate across a range of polities and supra-national political economies for several decades. However, the question of how finance might best follow function - and the attendant oversight of this process - is less resolved. Against the backdrop of mooted reforms to the Australian federation that may well have an impact upon the design of and scope for local and regional governance arrangements, this paper provides an account of the formation and functioning of the Local Government Finance Authority of South Australia (LGFA) the New Zealand Local Government Funding Agency (NZLGFA) and the Municipal Finance Authority of British Colombia (MFABC). The case studies suggest that own-source sub-national finance can be augmented through the use of such instruments. The broader introduction of such financial instruments is also considered.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/51736