The issue of state tax subsidies for sports stadiums is hotly debated among economists, but most agree it is a lose-lose situation for the public fisc. Summarize the arguments. Find an example of a stadium subsidy which comes closest to a brake even for the state and explain why, contrary to the economists, it was not a complete bust. Next layout the pros and cons of the recent decision in Hartford to subsidize a stadium in downtown Harftord. Most states have jumped on the gaming bandwagon and offer state lotteries.
Economists debate the regressivity and revenue stability of gaming revenue.
Review this literature. This is a hotly debated issue. Review the arguments pro and con, the legislative developments at the federal level, and in each of the 5 metro states. Tax Man Eyes the NET , Lets Not Rush to Tax the NET 4. State Tax and Spending Limitations State tax and spending limitations came on the scene in a big way with Proposition 13 in the mid 1970's.