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. 10, No. 3, June

An Economic Incentives Ordinance in Cobb County, Georgia, Bears Fruit in a Big Way
A publicly adopted incentives policy that requires a cost-benefit analysis prior to offering incentives has garnered strong support from citizens as well as businesses. The Wall Street Journal called Cobb County, Georgia, "the hottest small business...
A Physical Check-Up of a Retirement System's Investment Program
As the size and complexity of public pension funds has increased over recent years, so too have the concerns of government, the media, and participants and beneficiaries. Many state and local governments, faced with significant budget deficits or cuts...
Calculating a Refunding Savings with Mun-Ease
Mun-Ease, the Municipal Bond Manager[TM], is GFOA's microcomputer-based software program designed to meet the debt-management needs of governmental entities, financial advisors, bond counsel and accounting firms. The program is presented from the issuer's...
Canada's Experience with Pay Equity: National and Provincial
Concerns that the wage-setting practices of the federal government of the United States may be resulting in pay discrimination for women and minorities prompted the Congress to determine how possible pay disparities could be eliminated. Thus the Congress...
Costing Government Services: Benchmarks for Making the Privatization Decision
An analysis of all avoidable costs, including indirect as well as direct expenditures, was the basis for deciding whether to contract out yard-waste collection services in Upper Arlington, Ohio. Governments are coming under pressure to do more with...
Enhancing Local Government Performance in Israel
At the crossroads of the east and west, north and south, Israel is a country of five million people from 140 different national origins and cultures. The nation's urbanization efforts, economic/industrial development initiatives and comprehensive educational...
Infrastructure Financing: Searching for Solutions
A national consensus has developed regarding the need for increased investment in infrastructure and other public capital facilities. A national solution to infrastructure financing problems has been more difficult to define, however, even though the...
Interfund Transfers: A Credit Perspective
Policies and practices concerning transfers from a municipally owned enterprise fund to the general fund give credit analysts important insights into a city's fiscal and political environment. In times of economic or financial stress, policy makers...
Municipal Fiscal Strain: Indicators and Causes
Ratios of indicators both internal and external to government are used to determine if a city is fiscally strained in this model, which conceives of fiscal stress as a lack of adaptation by a government to its private-sector environment. Twenty years...
Permanently Solving Fiscal Problems: A Modern Day Fable for the States
In January 1991, newly elected Governor Arne H. Carlson inherited the worst financial crisis in Minnesota's history. Now, less than three years later, that $2 billion deficit has been turned into a $623 million surplus, Minnesota's $500 million rainy-day...
Preparing a Municipal Debt Policy Statement
The cities of Pittsburgh and Philadelphia are responsible for managing their own general obligation debt as well as the debt of several municipal authorities. In an effort to consolidate the essential information about their debt responsibilities, the...
Transportation Utility Fees
A study of 10 local governments' experiences with TUF ordinances spotlights those features that courts have upheld as representative of a fee rather than a tax. Historically, cities and counties paid for roads with taxes and special assessments. Since...