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Do Local Governments Save and Spend Across Budget Cycles? Evidence from North Carolina

Do Local Governments Save and Spend Across Budget Cycles? Evidence from North Carolina PDF Author: Wen Wang
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
The fiscal crisis encountered by state-local governments since 2008 has again made prominent the issue of how to better prepare for and stabilize expenditures during recessions. Does the economic stabilization function of government, and its theory, still hold? Previous studies focus on federal and state levels; only a few look at local governments. This article explores whether localities save and spend across the boom-bust cycle; we intend to identify determinants of local government savings and estimate the impact of savings on stabilizing expenditures. Unlike some early evidence that shows counter-cyclical stabilization properties of local unreserved general fund balance, the empirical results of our study on North Carolina counties do not support the stabilization role by localities. This study carries timely and important implications for state/local policy making and financial operations; it also adds to the literature on the stabilization function of government.

Do Local Governments Save and Spend Across Budget Cycles? Evidence from North Carolina

Do Local Governments Save and Spend Across Budget Cycles? Evidence from North Carolina PDF Author: Wen Wang
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
The fiscal crisis encountered by state-local governments since 2008 has again made prominent the issue of how to better prepare for and stabilize expenditures during recessions. Does the economic stabilization function of government, and its theory, still hold? Previous studies focus on federal and state levels; only a few look at local governments. This article explores whether localities save and spend across the boom-bust cycle; we intend to identify determinants of local government savings and estimate the impact of savings on stabilizing expenditures. Unlike some early evidence that shows counter-cyclical stabilization properties of local unreserved general fund balance, the empirical results of our study on North Carolina counties do not support the stabilization role by localities. This study carries timely and important implications for state/local policy making and financial operations; it also adds to the literature on the stabilization function of government.

Local Government Budget Stabilization

Local Government Budget Stabilization PDF Author: Yilin Hou
Publisher: Springer
ISBN: 331915186X
Category : Political Science
Languages : en
Pages : 209

Book Description
This book is the first comprehensive, full-scale treatment of the politics, law, and economics with regard to the policies and policy instruments for budget stabilization at the local level. It examines budget stabilization in the United States from the 1910s to 2010 (from adoption of public budgeting in this country through the Great Recession). In addition, it provides details on the methods and results of empirical tests of the effects of budget stabilization instruments on government operations, key/basic services provision, and some other aspects of social and economic life at the local level, including full-purpose governments (county, metro city, municipality, township, and village) as well as special (single-) purpose governments (like school districts and transportation districts). This book dissects an important and pressing issue in public financial administration, analyzes a lesson that has been in the learning process, especially in the United States, and identifies theoretical threads for scholarly refinement, which will be put into specific contexts of policy design and implementation. This book will be of interest to scholars in political science, economics, public choice and in public administration, where it will also appeal to policy-makers.

Budgeting in North Carolina Local Governments

Budgeting in North Carolina Local Governments PDF Author: Whitney Afonso
Publisher: Unc School of Government
ISBN: 9781560119272
Category : Local budgets
Languages : en
Pages : 0

Book Description
Budgets are more than simply accounting tools. They are legal documents that set the priorities, programs, and policies of a local governement for the following fiscal year. This textbook covers critical considerations for those who work with budgets in North Carolina. Topics range from citizen engagement in the budget process to performance management to economic development. [back cover].

Financial Sustainability and Intergenerational Equity in Local Governments

Financial Sustainability and Intergenerational Equity in Local Governments PDF Author: Rodríguez Bolívar, Manuel Pedro
Publisher: IGI Global
ISBN: 1522537147
Category : Business & Economics
Languages : en
Pages : 370

Book Description
Due to the mortgage crisis of 2008, laws aimed at achieving budgetary and financial stability were enacted. The concept of ?nancial sustainability has been linked to the need of rendering public services without compromising the ability to do so in the future. Financial Sustainability and Intergenerational Equity in Local Governments is a critical scholarly resource that analyzes the financial sustainability of local governments with the aim of ensuring equality and intergenerational equity. Featuring coverage on a broad range of topics such as intergenerational equity, public policies, and sustainability management, this book is geared towards government officials, managers, academicians, practitioners, students, and researchers seeking current research on identifying public policies to ensure financial balance.

Local Government in North Carolina

Local Government in North Carolina PDF Author: Gordon P. Whitaker
Publisher:
ISBN:
Category : Local government
Languages : en
Pages : 120

Book Description


Financial Determinants in Local Re-Election Rates: Emerging Research and Opportunities

Financial Determinants in Local Re-Election Rates: Emerging Research and Opportunities PDF Author: Cunha, Ana Maria
Publisher: IGI Global
ISBN: 1522578218
Category : Business & Economics
Languages : en
Pages : 220

Book Description
Accounting information, on the one hand, allows government officials to obtain better information to support greater decision making, transparency, and accountability. On the other hand, this financial information also allows local citizens more access to knowledge of how public resources are being managed and used by the local government entities. Measuring the pros and cons of this information may determine how certain officials remain in office while others do not. Financial Determinants in Local Re-Election Rates: Emerging Research and Opportunities is a collection of innovative research that assesses whether accounting information and other factors have an impact on electoral results, which in turn impact re-election in local government. While highlighting topics including political financing, voting behavior, and capital spending, this book is ideally designed for political analysts, politicians, government officials, researchers, policymakers, public policy managers, financial analysts, academicians, and students seeking current research on financial information and other factors having an impact on electoral results.

The Palgrave Handbook of Government Budget Forecasting

The Palgrave Handbook of Government Budget Forecasting PDF Author: Daniel Williams
Publisher: Springer Nature
ISBN: 3030181952
Category : Business & Economics
Languages : en
Pages : 448

Book Description
This Handbook is a comprehensive anthology of up-to-date chapters contributed by current researchers in budget forecasting. Editors Daniel Williams and Thad Calabrese had previously found substantial deficiencies in public budgeting forecast literature with current research failing to address such matters as practices related to forecasting expenditure factors, the consequences of forecast bias, or empirical examination of the effectiveness of many deterministic methods actually used by many governments. This volume comprehensively addresses the state of knowledge about budget forecasting for practitioners, academics, and students and serves as a comprehensive resource for instruction alongside serving as a reference book for those engaged in budget forecasting practice.

Vulnerable Communities

Vulnerable Communities PDF Author: James J. Connolly
Publisher: Cornell University Press
ISBN: 150176134X
Category : Social Science
Languages : en
Pages : 184

Book Description
Vulnerable Communities examines the struggles of smaller cities in the United States, those with populations between 20,000 and 200,000. Like many larger metropolitan centers, these places are confronting change within a globalized economic and cultural order. Many of them have lost their identities as industrial or commercial centers and face a complex and distinctive mix of economic, social, and civic challenges. Small cities have not only fewer resources but different strengths and weaknesses, all of which differentiate their experiences from those of larger communities. Vulnerable Communities draws together scholars from a broad range of disciplines to consider the present condition and future prospects of smaller American cities. Contributors offer a mix of ground-level analyses and examinations of broader developments that have impacted economically weakened communities and provide concrete ideas for local leaders engaged in redevelopment work. The essays remind policy makers and academics alike that it is necessary to consider cultural tensions and place-specific conflicts that can derail even the most well-crafted redevelopment strategies prescribed for these communities.

The Pig Book

The Pig Book PDF Author: Citizens Against Government Waste
Publisher: St. Martin's Griffin
ISBN: 146685314X
Category : Political Science
Languages : en
Pages : 212

Book Description
The federal government wastes your tax dollars worse than a drunken sailor on shore leave. The 1984 Grace Commission uncovered that the Department of Defense spent $640 for a toilet seat and $436 for a hammer. Twenty years later things weren't much better. In 2004, Congress spent a record-breaking $22.9 billion dollars of your money on 10,656 of their pork-barrel projects. The war on terror has a lot to do with the record $413 billion in deficit spending, but it's also the result of pork over the last 18 years the likes of: - $50 million for an indoor rain forest in Iowa - $102 million to study screwworms which were long ago eradicated from American soil - $273,000 to combat goth culture in Missouri - $2.2 million to renovate the North Pole (Lucky for Santa!) - $50,000 for a tattoo removal program in California - $1 million for ornamental fish research Funny in some instances and jaw-droppingly stupid and wasteful in others, The Pig Book proves one thing about Capitol Hill: pork is king!

Better Spending for Better Lives

Better Spending for Better Lives PDF Author: Alejandro Izquierdo
Publisher:
ISBN: 9781597823302
Category :
Languages : en
Pages :

Book Description