Local governments often ask resident voters to approve millages to cover the cost of local services or projects. What are some advantages and disadvantages of funding local services through voter-approved millages? What are the costs and benefits to voters of obtaining the information needed to make an efficient decision? Is the result of a millage vote likely to be efficient in the sense that necessary costs and benefits are taken into account?

Local governments often ask resident voters to approve millages to cover the cost of local services or projects. What are some advantages and disadvantages of funding local services through voter-approved millages? What are the costs and benefits to voters of obtaining the information needed to make an efficient decision? Is the result of a millage vote likely to be efficient in the sense that necessary costs and benefits are taken into account?