Public Budgeting Systems

by Lee, Robert D., Jr.

• ISBN13: 9780763746681
• ISBN10: 0763746681
• Edition: 8th
• Format: Hardcover
• Copyright: 2007-07-01
• Publisher: Jones & Bartlett Learning

Summary

A complete and balanced reference, Public Budgeting Systems, Eighth Edition surveys the current state of budgeting throughout all levels of the United States government. The text emphasizes methods by which financial decisions are reached within a system as well as ways in which different types of information are used in budgetary decision-making. It also stresses the use of program information, since, for decades, budget reforms have sought to introduce greater program considerations into financial decisions. This updated text includes more cases studies and practical information, figures and charts to make the information more accessible, as well as additional student problems. Using this text, students will gain a first-rate understanding of methods by which financial decisions are reached within a system, and how different types of information are used in budgetary decision-making.

Table of Contents

Preface	p. ix
Acknowledgments	p. xiii
Introduction	p. 1
Distinctions Regarding Public Budgeting	p. 2
Responsible Government and Budgeting	p. 8
Budgets and Budgeting Systems	p. 17
Information and Decision Making	p. 21
Summary	p. 24
The Public Sector in Perspective	p. 31
Relative Sizes of the Private and Public Sectors	p. 31
The Magnitude and Growth of Government	p. 37
Sources of Revenue and Purposes of Government Expenditures	p. 45
Summary	p. 49
Budget Cycles	p. 53
The Budget Cycle	p. 53
Scrambled Budget Cycles	p. 63
Summary	p. 66
Budgeting for Revenues: Income Taxes, Payroll Taxes, and Property Taxes	p. 69
Principles of Taxation	p. 70
Income, Payroll, and Property Taxes	p. 76
Summary	p. 99
Budgeting for Revenues: Transaction-Based Revenue Sources	p. 105
Retail Sales and Other Consumption Taxes	p. 106
User Charges	p. 115
Lotteries, Casinos, and Other Forms of Gambling	p. 120
Revenue Estimating	p. 124
Summary	p. 127
Budget Preparation: The Expenditure Side	p. 133
Early Developments	p. 134
Structuring the Request Process	p. 136
Systems of Budgeting	p. 147
Summary	p. 175
Budget Preparation: The Decision Process	p. 187
Decisions on Budget Requests	p. 188
Budget Documents	p. 208
Summary	p. 237
Budget Approval: The Role of the Legislature	p. 245
Constraints on Legislatures	p. 246
The Legislative Budget Process	p. 254
Legislative Oversight	p. 267
Summary	p. 272
Budget Approval: The U.S. Congress	p. 279
Evolution of the Federal Budget Process	p. 280
The Resulting Congressional Timetable	p. 290
From Deficit to Surplus to Deficit, 1991-2007	p. 297
Proposed Reforms and Their Prospects	p. 305
Summary	p. 316
Budget Execution	p. 325
Budget Office and Agency Relations	p. 325
Tax Administration and Debt Collection	p. 347
Cash Management	p. 357
Procurement	p. 370
Risk Management	p. 389
Summary	p. 391
Financial Management: Accounting, Reporting, and Auditing	p. 409
Governmental Accounting	p. 410
Reporting	p. 442
Governmental Auditing	p. 454
Summary	p. 463
Capital Assets: Planning and Budgeting, Analysis, and Management	p. 473
Capital Planning and Budgeting	p. 474
Capital Project Analysis	p. 493
Asset Management	p. 506
Summary	p. 513
Capital Finance and Debt Management	p. 519
Types of Finance	p. 520
State and Local Debt Financing	p. 522
Debt Capacity and Management	p. 547
Private Equity Financing for Public Capital Assets	p. 558
Summary	p. 566
Intergovernmental Relations	p. 575
Structural and Fiscal Features of the Intergovernmental System	p. 575
Patterns of Interaction Among Levels of Government	p. 590
Types of Fiscal Assistance	p. 616
Restructuring Patterns of Intergovernmental Relations	p. 630
Summary	p. 646
Government, the Economy, and Economic Development	p. 659
Measuring the Size of the Economy	p. 660
The United States and the World Economy	p. 661
Objectives of Economic Policy	p. 668
Anticipating Economic Conditions	p. 686
Tools Available to Affect the Economy	p. 693
Equity and Government Economic Policy	p. 708
Summary	p. 713
Concluding Remarks	p. 719
Bibliographic Note	p. 727
Index	p. 735
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