Fiscal Health for Local Governments

Fiscal Health for Local Governments PDF

Author: Beth Walter Honadle

Publisher: Elsevier

Published: 2003-12-18

Total Pages: 288

ISBN-13: 0080472788

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Fiscal Health for Local Governments offers a how-to approach to identifying and solving financial problems. Its principal selling point lies in its assumptions: instead of using the vocabulary and research agendas of economist, finance scholars, and political scientists, it will appeal to readers who lack sophisticated knowledge in these areas and nevertheless need practical advice. The book stems from the Fiscal Health Education Program, an applied economics program at the University of Minnesota. It uses three measures of fiscal health — financial condition, trend analysis, and financial trend monitoring system — as the basis for advocating particular fiscal strategies. The book examines the tools that can be used to assess the condition of a local government's fiscal health and some of the policy causes or remedies for certain situations, as well as some of the strategies governments can pursue to maintain and improve health. It will serve as a primer for readers interested in understanding financial processes and alternatives, and as a practical guide for those who need access to fiscal measurement tools. How-to approach will appeal to readers who lack sophisticated knowledge Contains discussion questions and anonymous case studies of actual cities and municipalities Presents practical methods for identifying and solving common fiscal problems

Handbook of Local Government Fiscal Health

Handbook of Local Government Fiscal Health PDF

Author: Helisse Levine

Publisher: Jones & Bartlett Publishers

Published: 2012

Total Pages: 574

ISBN-13: 0763792306

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Fiscal health of local governments and municipalities has remained an important issue since the crises of the 1970s in places like New York, Philadelphia and Cleveland. More recently, the bankruptcy of Orange County California raised the possibility of a different type of financial failure than earlier ones. The beginning of the 21st century has witnessed two major economic bubbles including the dotcom and housing bubbles. These economic cycles combined with increasing health care, pension and other structural costs continue to challenge the fiscal viability of many jurisdictions. In particular, the economic and financial crisis of 2007-2008 is likely to result in potentially serious fiscal challenges for local jurisdictions.

Understanding Municipal Fiscal Health

Understanding Municipal Fiscal Health PDF

Author: Craig S. Maher

Publisher: Taylor & Francis

Published: 2023-02-01

Total Pages: 284

ISBN-13: 1000845133

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Understanding Municipal Fiscal Health provides an in-depth assessment of the fiscal health of cities throughout the United States. The book examines the tools currently available to cities for designing a revenue structure, measuring fiscal conditions and measuring fiscal health. It explains how artificial policies such as tax and expenditure limitations influence fiscal policies, and how communities can overcome socioeconomic and state-policy barriers to produce strong fiscal conditions. The authors go beyond simple theory to analyze patterns of fiscal health using actual financial, demographic and TEL data from an accurate data source, the Government Financial Officers Association survey. The book offers a solid basis of empirical evidence including quantitative case studies—complete with discussion questions—to help practitioners better understand the environment in which they are functioning and the policy tools they need to help advocate for change. This book teaches the reader the science and art of municipal financial analysis, and will be invaluable for local and state officials, analysts, and students and researchers.

The Challenges and Implications of Fiscal Health

The Challenges and Implications of Fiscal Health PDF

Author: Bruce McDonald

Publisher:

Published: 2019

Total Pages: 11

ISBN-13:

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The condition of a local government's fiscal health presents challenges to those working for the government, but also to those who rely upon the goods and services that it provides. Significant attention is has been paid to improving our understanding of fiscal health to improve the decision-making process of administrators. Unfortunately, little consensus has emerged concerning how it is defined and how it is measured. How we view the defining terms and resulting measurement, however, has differing legal implications related to a government's bankruptcy or the imposition of an emergency manager by the state. Our understanding of fiscal health can also affect the recognition of a government's liability. This article seeks to bring some understanding to the fiscal health of local governments. This is accomplished by defining fiscal health, providing an overview of how the health is measured, and discussing the legal implications that emerge as a result.

Management Policies in Local Government Finance

Management Policies in Local Government Finance PDF

Author: John R. Bartle

Publisher: International City/County Management Association(ICMA)

Published: 2013

Total Pages: 0

ISBN-13: 9780873267656

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At a time when the slow pace of economic recovery and continuing reductions in state and federal assistance underscore our need for strong leadership in financial management, this volume offers a deeper understanding of financial theory and practice for its own sake.

The Municipal Financial Crisis

The Municipal Financial Crisis PDF

Author: Mark Moses

Publisher: Springer Nature

Published: 2022-01-06

Total Pages: 175

ISBN-13: 3030878368

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City governments are going bankrupt. Even the ones that aren’t are often stuck in financial chaos. It is easy to blame pensions, poor leadership, or a bad economy. But the problems go much deeper. With decades of experience in local government, author Mark Moses showcases the inside world of the city decision-making process that has spawned these crises. It becomes clear: City governments are maxing out their budgets because they are trying to maximize services. This book, likely the most ambitious attempt by someone who has worked in government to radically examine the delivery of municipal services since 'Reinventing Government' was published more than 25 years ago, explores why city governments pursue an open-ended mission and why bailouts and trendy budgeting processes will be, at best, only temporary solutions. Of interest to current and future city council members, regional and state government officials, those covering city government, financial analysts, city management, and individuals and organizations interested in influencing city policy, this book argues that cities won’t thrive until city hall is disrupted.

Managing the Fiscal Metropolis

Managing the Fiscal Metropolis PDF

Author: Rebecca M. Hendrick

Publisher: Georgetown University Press

Published: 2011-11-18

Total Pages: 322

ISBN-13: 1589017900

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Managing the Fiscal Metropolis: The Financial Policies, Practices, and Health of Suburban Municipalities is an important book. This first comprehensive analysis of the financial condition, management, and policy making of local governments in a metropolitan region offers local governments currently dealing with the Great Recession a better understanding of what affects them financially and how to operate with less revenue. Hendrick’s groundbreaking study covers 264 Chicago suburban municipalities from the late 1990s to the present. In it she identifies and describes the primary factors and events that affect municipal financial decisions and financial conditions, explores the strategies these governments use to manage financial conditions and solve financial problems, and looks at the impact of contextual factors and stresses on government financial decisions. Managing the Fiscal Metropolis offers new evidence about the role of contextual factors— including other local governments—in the financial condition of municipalities and how municipal financial decisions and practices alter these effects. The wide economic and social diversity of the municipalities studied make its findings relevant on a national scale.