Government Finance Review

Magazine covers financial management for state and local government through articles and commentary on best practices, management and more.

Articles from Vol. 26, No. 5, October

A New Era of Development: Rock Hill's Brownfield Renovation Project
[ILLUSTRATION OMITTED] Along the banks of the Catawba River, a new era of commerce is in the works. A joint effort between the City of Rock Hill, South Carolina, and a development partner will provide a unique development opportunity. This his partnership...
Back to the Base: Citizen Involvement and the Budget Process
[ILLUSTRATION OMITTED] In tough times, the best way to strengthen the value of local government services to citizens is to engage them. Getting a sense of how satisfied they are is good, but finding out what is important and what drives behaviors...
Cities Report on Fiscal Conditions
The fiscal condition of U.S. cities continues to weaken, according the National League of Cities' 2010 survey of city finance officers. In response to struggling housing markets, slow consumer spending, and high levels of unemployment, the survey found...
Cities Report on Fiscal Conditions
The fiscal condition of U.S. cities continues to weaken, according the National League of Cities' 2010 survey of city finance officers. In response to struggling housing markets, slow consumer spending, and high levels of unemployment, the survey found...
Citizen Attachment: Building Sustainable Communities
[ILLUSTRATION OMITTED] The convergence of forces and fiscal challenges that is currently affecting the quality of life in the United States demands a thoughtful and strategic response. To answer these challenges, community and local government must...
Creating a Proactive Media Plan
Public pension plans are getting a black eye from news media outlets. Everyone has heard reports that public pensions are experiencing considerable market volatility and abuse (e.g. pension spiking and inadequate funding). But despite the negative publicity,...
Creating a Proactive Media Plan: The Illinois Municipal Retirement Fund Sought to Create a Brand to Educate the Media and to Promote the Fund as a Relevant, Modem, and Cost-Efficient Pension Plan
Public pension plans are getting a black eye from news media outlets. Everyone has heard reports that public pensions are experiencing considerable market volatility and abuse (e.g. pension spiking and inadequate funding). But despite the negative...
Determining the Purpose of the Performance Measurement System an Important First Step
The following is National Performance Management Advisory Commission Issue Paper No. 1. More information about the commission is available at www.pmcommission, org. Some public-sector organizations have adopted performance measurement systems with...
Determining the Purpose of the Performance Measurement System: An Important First Step
The following is National Performance Management Advisory Commission Issue Paper No. 1. More information about the commission is available at www.pmcommission. org.Some public-sector organizations have adopted performance measurement systems with ambitious...
Economic Trends
Economic trends Many people are paying more attention to economic trends than they did before the credit meltdown. The GFOA's Long-Term Financial Planning blog provides frequent updates on important issues and topics of interest, including a monthly...
Federal Agency Implementation of the Patient Protection and Affordable Care Act
Since the enactment of the Patient Protection and Affordable Care Act (PPACA, Public Law No. 111-148) in March 2010, the regulatory agencies charged with implementing the new law have published guidance to help define what the law requires of employers,...
GFOA Takes Position on Proposed Pension Changes
In mid-June 2010, the Governmental Accounting Standards Board (GASB) issued its Preliminary Views (PV) on Pension Accounting and Financial Reporting by Employers. In the PV, the GASB proposes to substantially modify how state and local governments...
Jobs Remain Scarce in Nation's Cities, but Signs of Improvement Exist
The economic indicators for the nation's 100 largest U.S. metropolitan areas show that jobs remain scarce, according to a report from the Brookings Institute's Metropolitan Policy Program. The Metro-Monitor report for June 2010 indicates some recent...
Jobs Remain Scarce in Nation's Cities, but Signs of Improvement Exist
The economic indicators for the nation's 100 largest US. metropolitan areas show that jobs remain scarce, according to a report from the Brookings Institute's Metropolitan Fblicy Program.The Metro-Monitor report for June 2010 indicates some recent signs...
Making Sense of Conflicting Economic Signals
According to the projections of Esteemed Economist A, there will be a long, slow recovery with an average annual increase in GDP of 2.5 percent. Equally Esteemed Economist B says the economic world as we know it will change forever, deflation is a...
New Ways of Thinking about Economic Development
The deep recession and slow recovery call for rethinking economic development strategies. Adding new jobs, increasing property value, and building infrastructure are all vitally important activities, but we also need to consider new tools, recognize...
Reorganization Model: A New Vision for Kelowa, British Columbia
In 2008, the city manager of Kelowna, British Columbia, was ready to undertake a reorganization to embody his vision for the organization: to be the best mid-sized city pursuing the goals of sustainability (social, economic, and environmental) in its...
Reorganization Model: A New Vision of Kelowna, British Columbia
[ILLUSTRATION OMITTED] In 2008, the city manager of Kelowna, British Columbia, was ready to undertake a reorganization to embody his vision for the organization: to be the best mid-sized city pursuing the goals of sustainability (social, economic,...
Risk Management: An Unrealized Opportunity for Revenue
Public entities have faced increasingly difficult challenges in trying to maintain the levels of public service their citizens have come to expect. In exploring potential mechanisms for generating revenue, however, many organizations have overlooked...
The Eye of the Hurricane
Crisis Economics: A Crash Course in the Future of Finance By Nouriel Roubini and Stephen Mihm Penguin Press 2010, 368 pages, $27.95 [ILLUSTRATION OMITTED] Nouriel Roubini is one of the economists who famously predicted the recent economic...
Thinking Strategically about Recovery Budgeting: A Case Study on Public-Private Partnerships
[ILLUSTRATION OMITTED] At first glance, the City of Sandy Springs, Georgia--just north of Atlanta--might look similar to other growing cities of 99,000 residents. More than 300 miles of roadway are being improved and maintained, permits are being...
Transparency Breeds Self-Correcting Behavior
In 1997, a film crew took a hidden camera into several Los Angeles restaurants because of reports of poor health practices. They filmed rats in storage areas, food that wasn't refrigerated, waiters "re-serving" food from one customer to another. When...
Transparency Breeds Self-Correcting Behavior: The More an Agency Can Make Information Transparent, the More It Will Breed Change into an Organization
In 1997, a film crew took a hidden camera into several Los Angeles restaurants because of reports of poor health practices. They filmed rats in storage areas, food that wasn't refrigerated, waiters "re-serving" food from one customer to another. When...