Putting money where the need is managing the finances of state and local governments

In Pursuit of Performance: Management Systems in State and Local Government

Volumn , Issue , 2007, Pages 15-56

  Hou, Yilin ^a  

^a UNIVERSITY OF GEORGIA   (United States)

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[No Author keywords available]

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EID: 77952691221     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter

References (14)

1. Dennis Strachota and John Peterson, introduction to Local Government Finance: Concepts and Practices, ed. John Peterson and Dennis Strachota (Chicago: Government Finance Officers Association, 1991), pp. 1-8.
2. E. F. Brigham, Financial Management: Theory and Practice, 3d ed. (New York: CBS College Publishing, 1982).
3. J. L. Esser, in the foreword to Local Government Finance: Concepts and Practices, ed. John Peterson and Dennis Strachota (Chicago: Government Finance Officers Association, 1991), p. vii, notes similar issues when talking about changes in the operating environment of state and local financial management since the mid-1980s. He points out five changes: The federal government reduced the level of assistance to state and local governments. Accordingly, states expanded their role in domestic policy. Practices of governmental financial management became increasingly shaped by professional standards. Information technology has grown to play an increasing role. And governments now make more use of the financial markets.
4. R. A. Musgrave, The Theory of Public Finance (New York: McGraw-Hill, 1959);
5. Wallace Oates, Fiscal Federalism (New York: Harcourt Brace Jovanovich, 1972);
6. R. A. Musgrave and P. B. Musgrave, Public Finance in Theory and Practice, 5th ed. (New York: McGraw-Hill, 1989).
7. E. M. Gramlich, "Subnational Fiscal Policy", in Perspectives on Local Public Finance and Public Policy, vol. 3, ed. J. M. Quigley (Greenwich, CT: JAI Press, 1987), pp. 3-27.
8. Richard Pollock and J. P. Suyderhoud, "The Role of Rainy Day Funds in Achieving Fiscal Stability", National Tax Journal 43, no. 4(1986):485-97;
9. R. S. Sobel and R. G. Holcombe, "The Impact of State Rainy Day Funds in Easing State Fiscal Crises during the 1990-1991 Recession", Public Budgeting and Finance 16, no. 3(1996):28-48.
10. Yilin Hou, "What Stabilizes State General Fund Spending during Downturns?" Public Budgeting and Finance 23, no. 3(2003):64-91.
11. J. E. Peterson and Thomas McLauphlin, "Debt Policies and Procedures", in Local Government Finance: Concepts and Practices, ed. John Peterson and Dennis Strachota (Chicago: Government Finance Officers Association, 1991), pp. 263-92, quotation on p. 263.
12. S. J. Gauthier, "Auditing", in Local Government Finance: Concepts and Practices, ed. John Peterson and Dennis Strachota (Chicago: Government Finance Officers Association, 1991), pp. 221-40.
13. its financial statement remains the Annual Financial Report, compiled on the budgetary basis of accounting.
14. Utah's BSF, called a budgetary reserve account, is enabled by section 63, chapter 38, of the Utah Code Annotated.