Encyclopedia > Off-budget enterprise

  Article Content

Off-budget enterprise

Off-budget enterprises (OBEs, shadow governments, or special districts) are a fast growing type of government in the United States. OBEs use public funds to further private interests. They operate outside the regulations of general-purpose government and public scrutiny. They usually have tax authority and some have the ability to raise revenue bonds. The fastest-growing OBE is the industrial development agency[?] which issues tax-exempt industrial revenue bonds[?] to finance private business ventures.

In 1962 there were 18,323 OBEs and in 1998 there were nearly 30,000. OBEs receive about 26% of their funding from the federal government.

Political scientists Robert E. England and David R. Morgan state, "Through OBEs, Detroit is now dominated by business elites."

See also: political science, quasi-autonomous non-government organisation, special-purpose district



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Sanskrit language

... Sandhi reflects the sort of blurring that occurs, particularly between word-boundaries, in spoken language generally, but is codified in Sanskrit and written down. A simple ...

 
 
 
This page was created in 37.7 ms