Local Government Budget Stabilization (eBook)

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

Introduction and Overview.- Part I: Theoretical Framework.- Budget Stabilization at the Local Level.- Parameters in the Study of Local Government Budget Stabilization.- Part II: Evidence from General and Single Purpose Governments.- Metropolitans: nationwide.- Counties: North Carolina.- Municipalities: Wisconsin.- School districts: New York.- Transportation districts: California.- Part III: Impacts on Financial Management.- Local Savings and State-Local Grants.- Pension systems.- Local Option Sales Tax and Revenue Smoothing.- Part V: Retrospect and Prospect on Counter-Cyclical Fiscal Policy.- Retrospect and Prospect on Counter-Cyclical Fiscal Policy.- Conclusion.