Download or read book Fiscal Stress Faced by Local Governments written by and published by DIANE Publishing. This book was released on with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Stress Faced by Local Governments written by Elizabeth Cove Delisle and published by . This book was released on 2010 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Health for Local Governments written by Beth Walter Honadle and published by Elsevier. This book was released on 2003-12-18 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book Handbook of Local Government Fiscal Health written by Helisse Levine and published by Jones & Bartlett Publishers. This book was released on 2012 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book State and Local Finances Under Pressure written by David L. Sjoquist and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and Local Finances under Pressure explores the future of state and local government fiscal systems given the numerous pressures they face from economic, legal, technological, demographic and political forces. It explores how these multiple forces play out in terms of the changes state and local governments should and are likely to make. The contributors argue that state and local governments must make substantial changes and that failure to act is likely to result in adverse effects and increasing pressures for modifications that are more difficult to implement and more politically unpalatable. Without reform, state and local fiscal systems will grow increasingly out of sync with economic reality. The authors suggest that government responses are likely to be evolutionary, but that in 25 years the recorded changes will be substantial. The first chapter provides a historic perspective of state and local fiscal trends. Each of the subsequent chapters describes the nature of one of the pressures state and local governments face including: political and legal forces, globalization of business, demographic and technological changes, deregulation of utilities, and urban sprawl. Policymakers, economists, political scientists, fiscal policy analysts and public administrators will find this comprehensive book of interest.
Download or read book The Politics of Retrenchment written by Charles H. Levine and published by . This book was released on with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing Fiscal Stress written by Charles H. Levine and published by Chatham, N.J. : Chatham House Publishers. This book was released on 1980 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Fiscal stress is a problem of growing concern to all levels of government. This volume provides in-depth analyses of the causes and consequences of financial stress, and offers solutions for managers charged with the responsibility for maintaining fiscal solvency and adequate and equitable services"--Back cover.
Download or read book Municipal Fiscal Stress Bankruptcies and Other Financial Emergencies written by Tatyana Guzman and published by Taylor & Francis. This book was released on 2022-11-30 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is difficult to find someone who has not heard about the Puerto Rico, Detroit, Michigan, or Orange County, California, bankruptcies. While guides for responsibly managing government finances exist, problems often originate not because of poor financial reporting or financial deficiencies but because issues external to financial wellbeing arise, such as economic, demographic, political, legal, or even environmental factors. Exacerbating the problem, there is not much advice in the existing literature on how to act when municipalities face financial struggles. Filling this important gap, this book explores fiscal health and fiscal hardships, municipal defaults and bankruptcies, and many other aspects to help guide local governments during fiscal distress. Fiscal hardships negatively affect the quality and availability of public goods and services and, consequently, the wellbeing of residents and businesses living and working in distressed municipalities. Turned off streetlights, unmaintained public parks, potholes, inconsistent garbage pickup, longer response time from emergency services, and multiple other issues that residents of the struggling municipalities deal with, lead to higher crime rates, lower quality of K-12 education, dangerous road conditions, lower housing values, outmigration of wealthier population, and numerous other problems. The COVID-19 pandemic put additional unprecedented pressure on municipal finances nationwide. In this book authors Tatyana Guzman and Natalia Ermasova evaluate distressed cities and municipalities and provide practical recommendations on improving their financial conditions. What are conditions and signs to look for to not to find yourself in similar situations? What can be done if your municipality is already experiencing fiscal hardships? What are the consequences of fiscal misfortunes? How does one exit a fiscal emergency? This book answers these and other questions and serves as a guide to fiscal health and prosperity for U.S. municipal governments, students and researchers in public finance, and general public management fields.
Download or read book Fiscal Stress and Public Policy written by Charles H. Levine and published by SAGE Publications, Incorporated. This book was released on 1980-12 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides some of the most current thinking on various aspects of fiscal stress in the public sector and its implications for public management. It lays out the background of financial stress at the federal, state, and local levels, suggesting how various public bodies have responded or might respond to fiscal stress. 'Fiscal Stress and Public Policy is an excellent collection of articles. They are provocative, readable, and of enduring value of academicians, scholars and students of public policy. Indeed, individual contributions are overshadowed only by the overall quality of the volume.' -- Quality and Quantity, Vol 17, 1983 'This is an excellent collection of essays. They coalesce around an extremely imp
Download or read book Understanding Municipal Fiscal Health written by Craig S. Maher and published by Taylor & Francis. This book was released on 2023-02-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Fiscal Stress in Cities written by Richard Rose and published by Cambridge University Press. This book was released on 1982 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book identifies the extent, the causes and consequences of fiscal stress as it affected local government in the 1980s.
Download or read book Managing the Fiscal Metropolis written by Rebecca M. Hendrick and published by Georgetown University Press. This book was released on 2011-11-18 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Selections from The Municipal Year Book written by Lingwen Zheng and published by ICMA Publishing. This book was released on 2014-04-04 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selections from The Municipal Year Book: On Strategies and Services During Fiscal Stress contains facts, figures, and research-based articles on management trends and intergovernmental relations: (1) Economic Development Strategies for Recessionary Times, (2) The Hurt Divide: Residents’ Appreciation for Local Government Services in Tough Times, (3) How Local Governments Are Navigating the Fiscal Crisis, and (4) Building Child- and Age-Friendly Communities in Tight Fiscal Times.
Download or read book State Government Fiscal Stress and Federal Assistance written by Robert Jay Dilger and published by Createspace Independent Pub. This book was released on 2013-01-05 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: No two state budgets are alike. States have different budget cycles, different ways of preparing revenue estimates and forecasts, different requirements concerning their operating and capital budgets, different roles for their governors in the budget process, and different policies concerning the carrying over of operating budget deficits into the next fiscal year. Although no two state budgets are alike, all 50 states have experienced fiscal stress in recent years, especially during FY2009 and FY2010. The national economic recession, which officially lasted from December 2007 to June 2009, led to lower levels of economic activity throughout the nation and reduced state tax revenues. State tax revenues from all sources, including sales, personal, and corporate income tax collections, fell from $680.2 billion in FY2008 to $609.8 billion in FY2010, a decline of 10.3%. The decline in state tax revenue, coupled with increased demand for social services and state-balanced operating budget requirements, created what the National Association of State Budget Officers (NASBO) characterized as “one of the worst time periods in state fiscal conditions since the Great Depression.” States closed nearly $230 billion in state budget shortfalls in FY2009 and FY2010; and $146.3 billion in state shortfalls in FY2011 and FY2012. State fiscal conditions improved during FY2011 and FY2012, and are projected to continue to improve in FY2013. However, states continue to experience fiscal challenges. For example, although state general fund revenue is projected to surpass pre-recession levels in FY2013 by about $13 billion (from $680.2 billion in FY2008 to $692.8 billion in FY2013), total general fund spending is projected to remain below pre-recession levels in FY2013 (from $687.3 billion in FY2008 to $681.3 billion in FY2013). State budget officers predict continuing budgetary challenges in virtually all states in FY2013, in part due to slow state revenue growth, the withdrawal of temporary federal assistance provided through P.L. 111-5, the American Recovery and Reinvestment Act of 2009 (ARRA), the need to replenish reserves, and increased costs for health care and other social services. Congressional interest in state budgetary finances has increased in recent years, primarily because state action to address budget shortfalls, such as increasing taxes, laying off or furloughing state employees, and postponing or eliminating state infrastructure projects, could have an adverse effect on the national economic recovery. For example, Federal Reserve Board Chairman Benjamin Bernanke stated on March 2, 2011, that the fiscal problems of state and local governments have “had national implications, as their spending cuts and tax increases have been a headwind on the economic recovery.” Also, if states reduce their service levels there could be additional pressure for the federal government to provide those services. As funding from ARRA expires, there could be additional pressure for the federal government to provide additional federal assistance to states. This publication examines the current status of state fiscal conditions and the role of federal assistance in state budgets. It begins with a brief overview of state budgeting procedures and then provides budgetary data comparing state fiscal conditions in FY2008 to FY2011. The data indicate that (1) states reduced their general fund budgets from FY2008 to FY2011, but, because they received increased federal funding, increased their total amount of spending; (2) the share of total state expenditures held by the states' four operating expenditures budgets (general fund, federal funds, other state funds, and bonds) shifted from FY2008 to FY2011, with an increased reliance on federal funds; and (3) states experienced varying levels of fiscal stress from FY2008 to FY2011. This publication concludes with an assessment of the consequences current levels of state fiscal stress may have for the 113th Congress.
Download or read book Resp to Local Gover Prpl27 3F written by Elsevier Science & Technology Books and published by . This book was released on 1988-11-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Local Government Management Current Issues and Best Practices written by Douglas J. Watson and published by Routledge. This book was released on 2016-04-15 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some of the very best writings on issues involving local government can be found in journals published by the American Society for Public Administration or journals with which ASPA is associated. This volume includes thirty of the most outstanding articles that have been published over the past sixty years in these journals. Local Government Management is an ideal supplement for any course in local management and administration, whether the audience is students or practicing professionals.
Download or read book Running in the Red written by Irene S. Rubin and published by State University of New York Press. This book was released on 1983-06-30 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This case study of a politically reformed, middle-sized Midwestern city provides a model of fiscal stress that contrasts sharply with that of America's vast metropolitan centers. Dr. Rubin examines the interaction of social, political, and economic causes of the city's predicament. She then goes on to analyze the specific factors that solved the city's problems over a six-year period. Finally, she offers a self-correcting mechanism that would allow a city to save itself from financial trouble without direct state or federal assistance. This study suggests that local political factors were even more important than national factors in contributing to the city's fiscal stress. It also brings into question the theory that generosity to the poor creates urban fiscal stress and that giving less to the poor will solve urban financial problems.
