The interplay between private and public governments: The relationship between homeowner associations and municipal finance
By: Cheng, Shaoming and Guo, Hai (David)
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BookPublisher: Local Government Studies Description: 47(5), Oct, 2021: p.759-783.Subject(s): Local government, Home owner association, Private government, Fiscal policy
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Local Government StudiesSummary: Homeowner associations (HOAs), as a form of private residential governance, have grown exponentially in the United States, representing a profound transformation in urban governance. This paper examines the fiscal correlation between local municipal governments and private residential governments, and specifically, the extent to which the proliferation of HOAs in a municipality is related to municipal expenditures and revenues. Administrative data of the Florida Department of Business and Professional Regulation are employed with spatial econometric methods for accounting for potential inter-jurisdictional spillover effects. Empirical evidence suggests that a greater presence of HOAs within a local municipality is associated with the municipality’s declining public expenditures and revenues for providing public services to local residents. – Reproduced
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Articles
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Indian Institute of Public Administration | 47(5), Oct, 2021: p.759-783 | Available | AR126270 |
Homeowner associations (HOAs), as a form of private residential governance, have grown exponentially in the United States, representing a profound transformation in urban governance. This paper examines the fiscal correlation between local municipal governments and private residential governments, and specifically, the extent to which the proliferation of HOAs in a municipality is related to municipal expenditures and revenues. Administrative data of the Florida Department of Business and Professional Regulation are employed with spatial econometric methods for accounting for potential inter-jurisdictional spillover effects. Empirical evidence suggests that a greater presence of HOAs within a local municipality is associated with the municipality’s declining public expenditures and revenues for providing public services to local residents. – Reproduced
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