By Beth Walter Honadle
''Honadle, Cigler and Costa have performed an exceptional task of pulling jointly a various and intricate literature at the monetary overall healthiness of neighborhood governments. This e-book is a wealth of knowledge for either scholars of neighborhood public finance and native executive directors and elected officers. The tools they define are rooted on idea, but have direct sensible application.'' -- Steven Deller, Professor and group improvement Economist, college of Wisconsin-Madison, united states ''Fiscal health and wellbeing for neighborhood govt presents a realistic technique for reading the economic future health of neighborhood governments. It offers a number of types for assessing charges, sales and debt in the constructs of adjusting fiscal, demographic and political stipulations, evolving intergovernmental styles, and particular felony constraints. The e-book can be an invaluable consultant for a large viewers together with executive officers, coverage analysts and scholars of public management and public finance. it's going to even be a welcome source for classes in economic coverage and Administration.'' -- Marilyn Rubin, Professor, Economics and Public management, John Jay university, urban collage of recent York
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Extra resources for Fiscal Health for Local Governments. An Introduction to Concepts, Practical Analysis, and Strategies
Discuss the need to develop an information system to monitor the financial condition and performance of municipal bonds. Knowing about the various analytical tools, their purposes, their data requirements, their limitations and their capabilities will help guide the analyst to the indicators that will best meet particular information needs. In Chapter , we focus on three specific tools to illustrate a range of possible tools, including a test (Brown, ) comprised of easy-to-compute ratios that yields a snapshot of a government’s fiscal health, a more finely tuned set of indicators (Groves and Valente, ) that is useful for answering particular questions of possible interest to decision makers, and a budgetary tool (Alter, McLaughlin and Melniker) for analyzing budget trends that is helpful for projecting budgets.
The Governmental Accounting Standards Board (through GASB ) is now requiring state and local governments to report the value of their investments at “fair value” (the amount at which an investment could be exchanged in a current, unforced sale between willing parties) as opposed to the traditional cost-based (cost of acquisition) standard. ” He says, Fair value reporting provides financial statement users with better information to assess accountability, the level of services a government can provide and the government’s financial condition (p.
Forthcoming). A new tool for state oversight of local governments’ fiscal health. Government Finance Review. Ladd, H. F. (). The state aid decision: changes in state aid to local governments, –. National Tax Journal, , –. Ladd, H. , and Yinger, J. (). America’s Ailing Cities: Fiscal Health and the Design of Urban Policy. Baltimore, MD: Johns Hopkins University Press. Landis, J. D. (). Do growth controls work? A new assessment. Journal of the American Planning Association, , –.