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419 Annals Am. Acad. Pol. & Soc. Sci. ix (1975)

handle is hein.cow/anamacp0419 and id is 1 raw text is: PREFACE Public Law 92-512, the State and Local Fiscal Assistance Act of 1972, provides for the distribution of $30.2 billion to state and general purpose local units of government through December 1976. With only a few restrictions on how recipient units of government may use their funds, general revenue sharing is a dramatic departure from prior federal categorical grant programs. General revenue sharing, due to this dramatic new emphasis, was the cornerstone in former President Nixon's New Federalism, which was designed to restore significant power to states and localities. The legislation has generated intense public and scholarly interest concerning several key questions affecting a democratic and federal society in the contemporary setting of the United States. The questions include: (1) the appropriate level and the most efficient means for federal financing of state and local governmental services and programs; (2) the amount of discretion to be given to state and local governments utilizing federal funds and the degree of control to be retained by the federal government; (3) the fiscal impact of the shared funds on state and local governments; (4) the political changes resulting from general revenue sharing; (5) the substantive differences in the quality of life affecting citizens of recipient units; and (6) the major provisions for change in the legislation as its renewal is considered. This volume draws upon the expertise of those in the public and scholarly sectors who have had considerable involvement with the initial proposal, passage, implementation, and evaluation of general revenue sharing. Needless to say, views differ and individual perceptions on the value of general revenue sharing vary. The volume provides a useful summary of past, present, and possible future developments as they relate to general revenue sharing within the context of American federalism. DAVID A. CAPUTO ix

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