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EACH STUDENT IS REQUIRED TO COMPLETE A PAPER, PUBLIC FINANCE AND LOCAL GOVERNMENT, WHICH DEMONSTRATES EFFECTIVE COMMUNICATION SKILLS, RESEARCH COMPETENCE, AND TECHNOLOGY FLUENCY.
Each student is required to complete a paper, Public Finance and Local Government, which demonstrates effective communication skills, research competence, and technology fluency. The paper should demonstrate the ability to clearly communicate ideas in a professional manner and tone. Research for the paper can be conducted using the UMUC library as a primary source, as well as industry and trade references. The paper should be created using word processing and other software programs to exhibit the student's ability to prepare technology-enhanced documents and/or presentations.
Your paper should address following issues:
How does local governments (here indicate state, county, city/township, or school district) to finance and budget their capital for services? Are there any guideline/law/regulation should be followed (references and citations are required)?
What are major cash sources and major cash uses of the local governments (List top five sources and top five uses of cash flows)?
What do local governments do if there is significant budget surplus or deficit? Any help from Federal government or Stata Governments to local government if the local government/school district could not afford to provide basic public services such as public school education to its residents? Provide an example.
Does local government have right or restriction to levy or impose new tax if the deficit occurs? If so, state the normal procedure or rules should be followed.
The role of property tax.
History and background of property tax for the local governments (here indicate county, city/township, or school district). Provide an example.
How were the property taxable values assessed and the property tax rates determined? Is there any mechanism to adjust the property assessment value and the property tax rate if there is dispute between property owners and local government? Why different areas have different property tax rate?
Summary and suggestions.
Note that interviews with Finance Officers and/or Tax Collectors of local government are encouraged.
In terms of content, the paper should do the following:
Clearly state the issues being addressed.
Evaluate the position(s) taken in the article. Are there particular strengths or weaknesses in the accompanying arguments?
What is your assessment, given the views in the article and other research conducted? Conclusions need to be supported by solid analysis and logical reasoning.