Public Budgeting & Finance 

About: Public Budgeting & Finance is an academic journal published by Wiley-Blackwell. The journal publishes majorly in the area(s): Revenue & Debt. It has an ISSN identifier of 0275-1100. Over the lifetime, 1027 publications have been published receiving 14942 citations. The journal is also known as: Public budgeting and finance.

Measuring Financial Condition: A Study of U.S. States

Abstract: This study tests a measure of financial condition using government-wide information as required under the new financial reporting model set forth in GASB Statement No. 34. The measure consists of four financial condition dimensions in cash, budget, long-run and service-level solvencies, and 11 financial condition indicators. Results show that the measure is relatively reliable and valid and that government-wide information reported under the requirements of GASB Statement No. 34 provides a useful reporting framework to evaluate financial condition of a government. Additionally, financial condition among states varies greatly and there is much room for improvement.

The Pracademic: An Agenda for Re-Engaging Practitioners and Academics

Abstract: The synergy between theory and practice is a much sought after, but sometimes elusive, touchstone for the development of public administration programs in the United States. A healthy relationship is vital to the success of both practitioners and academics alike. While the field of public administration was in no small part premised on sustaining a healthy academic-practitioner connection, there has been a retreat from engagement due to deeply rooted trends in both academic and practitioner environments. This article reviews these trends and suggests an agenda for reconnection of these vital linkages.

Tax and Expenditure Limitations and State and Local Fiscal Structure: An Empirical Assessment

Abstract: The tax and expenditure limitation (TEL) “movement” of the 1970s and 1980s can be characterized in part as a struggle between local autonomy and state control. Undeniable shifts have occurred over the same period in state and local revenue systems and functional responsibilities. This article places these shifts within the context of this movement, using pooled, cross-sectional, time-series techniques for the period between 1970 and 1990, in an effort to assess its impacts. Findings suggest that TELs have resulted in increased centralization, lessened local responsiveness, increased use of local non-tax sources of revenue, and a sector less accommodating to the needs of dependent populations. TELs may have also had dubious effects on both the allocative efficiency and equity of the state and local public sector.

Tax and Expenditure Limitations: Introduction and Overview

Abstract: DANIEL R. MULLINS and BRUCE A. WALLINA principle and an event were key motivating factors behind the American Revolutionand subsequent establishment of the United States. The principle was ‘‘No taxationwithout representation,’’ protesting the absence of colonists’ representation in Englandon decisions relating to the colonial power’s ability to extract payment for the support ofgovernment. The event was the Boston Tea Party, where patriots threw bags of tea intoBoston Harbor to protest taxation of that everyday staple.Over 200 years later, 1978’s Proposition 13 in California reignited the flames oftaxpayer revolt in America. Voters found that they could go into a voting booth andgrant themselves a $7 billion property tax break. While other state and local tax and ex-penditure limitations (TELs) had been imposed throughout our nation’s history, and thetrend had accelerated in the 1970s, Proposition 13 captured the attention of the nation,yielding its sponsor, Howard Jarvis, an unlikely Time magazine cover. The general issueof the level of, and dissatisfaction with, taxes swept across the land, and played a largepart in the 1980 election of Ronald Reagan to the presidency. The anti-tax stance hasremained a staple of campaigns ever since.As Proposition 13 had been put on the ballot through the initiative process, its prog-eny appeared most rapidly and widely in those states where voters had direct access tothe ballot. Indeed, one study of early initiatives found that access to the ballot was amore significant predictor of a voter initiative passing than was the level of a state’staxation. Legislators in states with the initiative process often either passed their ownTEL measures or put legislatively crafted limits out to referendum in an effort to preventmore severe voter-initiated action. Legislators in states without the initiative often didthe same, fearful of retribution at reelection time for failure to act. Within two years ofthe passage of Proposition 13, 43 states had implemented some kind of property tax