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. 16, No. 2, April

A High Performance Government
High performance governments. Benchmarking. Performance measures[ldots] Everyone has heard the terms. We've heard them so many times that they have nearly lost their meaning, becoming mere buzzwords instead of actual indicators of performance. But...
Awarding Excellence in Public Finance
The term "best practice" is a contemporary buzzword in public finance, as well as within the entire realm of businesses and organizations. Governments and businesses everywhere want to learn about best practices, use them, and in some cases, institutionalize...
Best Practices in Budgeting: Putting NACSLB Practices into Action
This article highlights how four local governments have improved their budgeting and financial management processes by implementing innovative best practices. Special emphasis is placed on stakeholder input, financial planning, and performance measurement....
Best Practices in Debt Management
This article provides examples of the practices of innovative jurisdictions who have examined their debt affordability, lowered issuance costs, and provided greater accountability to taxpayers. At first glance, measuring efficiency in debt management...
Best Practices in Pension Administration
This article describes innovations put into practice by pension system administrators at the state and local levels. It describes best practices in pension investing, retirement benefit design, and outreach to retirement plan members. Within the...
Best Practices in Treasury Management
Leading state and local treasurers have improved management practices affecting the fundamental areas of cash management: payment processing, investing, and disbursement control. This article summarizes significant changes in the treasury management...
Credit Assessment for Special District Financing
As communities grow, governments look for new ways to finance growth without increasing taxes. Special district financing allows local governments to target taxes at newcomers, lessening the burden on current taxpayers. This article examines the structure...
Electronic Payments in the U.S. Economy: An Overview
Editor's note: This article originally appeared in the Fourth Quarter 1999 issue of Economic Review, copyrighted by the Federal Reserve Bank of Kansas City, and is reprinted and adapted with permission. To view the full article, visit www.kc.frb.org....
General Government Management
"The Employee Exodus" Walters, Jonathan Governing, March 2000, pp. 36-38. This article highlights an alarming demographic trend that will have a significant impact on state and local government employment. A large percentage of the state and...
Initiating Program Budgeting in Hungary
"Anyone who needs information about the city can obtain it from the budget." That is the motto of Szenres--a mid-size Hungarian city with a population of 33,000. Today the citizens of Szentes can pick up the budget and know more about how their city...
Intergovernmental Finance
"Annexation: A "Winner-Take-All" Process?" Edwards, Mary State and Local Government Review, Fall 1999, pp. 221-231. This article presents the findings of a study on the fiscal impact of annexation on city and town governments. Annexation refers...
President Clinton Submits FY 2001 Budget Proposal
On February 7, 2000, President Clinton sent Congress the administration's $1.84 billion Fiscal Year 2001 budget. This budget is premised on scrapping the discretionary spending caps imposed by the Balanced Budget Act of 1997 (P.L. 105-33), which were...
Profiting from the Past: The Economic Impact of Historic Preservation in Georgia
In addition to preserving an area's culture, historic preservation can be an economic powerhouse for state and local governments by creating jobs, bringing tourist dollars into a community, creating resources for investment in homes and small businesses,...
Taxes and Other Revenues
"Panel Discussion: The Impact of Initiatives on State and Local Government Finance" Rueben, Kim; Rust, Kenneth; and McDonough, Kate Municipal Finance Journal, Winter 2000, PP. 18-41. This article is the written transcription of a panel discussion...
Technology for Activity-Based Costing
Technology is an increasingly pervasive influence on the daily work of finance officers. The diffusion of enterprise resource planning (ERP) systems has promoted information integration. Such integration in turn has led to a resurgence of interest...
Winter Committee Meeting Update
The GFOA held its annual Winter Standing Committee Meetings in February. Five of the six standing committees met in Washington, D.C., on February 15 and 16 to welcome new members and begin discussion and development of recommended practices and policies....