Local Government Budget Stabilization

1. Front Matter

   Pages i-x

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2. Local Government Budget Stabilization: An Introduction

   • Yilin Hou

   Pages 1-16

3. The Great Recession and the Use of Fund Balances in North Carolina Counties

   • Wen Wang

   Pages 17-32

4. Revenue Volatility in New York State School Districts: Challenges and Responses

   • Robert Bifulco, Christian Buerger

   Pages 33-50

5. Local Government Fiscal Condition Before and After the Great Recession

   • Justin Marlowe

   Pages 51-73

6. Local Government Pension Fund Management and Budget Stability

   • Jun Peng

   Pages 75-94

7. Local Government Revenue Stability and Revenue Policy over Recessions

   • Yilin Hou, Jason S. Seligman

   Pages 95-119

8. Local Government Debt Management and Budget Stabilization

   • Dwight V. Denison, Zihe Guo

   Pages 121-139

9. Impact of Tax and Expenditure Limitations on Local Government Savings

   • Sharon N. Kioko

   Pages 141-169

10. Is There an Optimal Size of Fiscal Reserves for Local Governments?

    • Kenneth A. Kriz

    Pages 171-190

11. Inherent System Dynamics of Instability and Resilience in Nonprofit Human Services

    • Shena R. Ashley

    Pages 191-202

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.

• Budget stabilization
• Debt
• Deficit
• Government budget
• Local government
• Municipalities

• Center for Policy Research, Syracuse University; Maxwell School, Syracuse, USA

  Yilin Hou

Local Government Budget Stabilization: an Introduction.- The Great Recession and the Use of Fund Balances in North Carolina Counties.- Revenue Volatility in New York State School Districts: Challenges and Responses.- Local Government Fiscal Condition before and after the Great Recession.- Local Government Pension Fund Management and Budget Stability.- Local Government Revenue Stability and Revenue Policy over Recessions.- Local Government Debt Management and Budget Stabilization.- Impact of Tax and Expenditure Limitations on Local Government Savings.- Optimal Size of Fiscal Reserves for Local Governments.- Inherent System Dynamics of Instability and Resilience in Nonprofit Human Services

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