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. 19, No. 1, February

Are State and Local Revenue Systems Becoming Obsolete? the Economy's Changing Structure Is Threatening the Revenue Productivity of State and Local Government Tax Systems
Editor's note: This article was adapted with permission from the September 2002 issue of National Tax Journal, a quarterly publication of the National Tax Association. The author published an earlier version of the article in the New England Economic...
Federal Intergovernmental Grants and the States: Managing Devolution. (Book Reviews)
Northampton, Massachusetts: Edward Elgar Publishing, Inc. (164 pp) Reviewed by Michael English, policy analyst, GEOA Research and Consulting Center, Chicago, Illinois. In Federal Intergovernmental Grants and the States, Shama Gamkhar discusses...
Financing Energy Efficiency Projects
Postponing the installation of energy saving equipment can be an expensive decision. This article shows how the cost savings resulting from increased energy efficiency can be used to finance the needed equipment. Shenendehowa School District in...
Inflation-Indexed Bonds: A Primer for Finance Officers
The hedging and diversification features of inflation-indexed bonds makes this relatively new investment instrument worth considering for public investors. Inflation remains one of the greatest obstacles to achieving investment goals, despite its...
Managing Diversity in Public Sector Workforces. (Book Reviews)
Boulder, Colorado: Westview Press (167 pp) Reviewed by Joanne Howard, director, GFOA Professional Development Center, Chicago, Illinois. Dr. Norma M. Riccucci does the field of public policy and administration a service by writing Managing Diversity...
Performance Measure Certification in Maricopa County
A key component of Maricopa County's managing for results initiative, performance measure certification is inspiring confidence in the reliability of reported performance information. Editor's note: Each year, GFOA bestows its prestigious Awards...
Recession Triggers Bitter Federal System Conflict. (Commentary)
The Bush White House and Congress are quarrelling with governors and mayors in what may be the federal system's most bitter conflict in a century or more. While Washington talks economic stimulus, including politically expedient tax cuts, the recession...
'Security' Continues to Dominate Congressional Agenda. (Federal Focus)
Although the first session of the 108th Congress will look almost the same as the first session of the 107th Congress, it will reflect a radically changed nation and political climate. President Bush began his first term with an evenly divided Senate,...
Study Shows Severity of State Fiscal Stress. (Fiscal and Economic Indicators)
Editor's note: This article was adapted with permission from The Fiscal Survey of States, a report by the National Governor's Association. The report is available in its entirety at www.nga.org. Nearly every state is in fiscal crisis. Amid a slowly...
Tackling Rising Health Care Costs
Exploding health care costs are exacerbating the budget difficulties of state and local governments. While there are no quick fixes, governments can pursue a number of strategies to address the systematic causes of health care inflation. Editor's...
The Unfunded Mandate Reform Act: Working Well for No Good Reason
Despite relatively weak procedural requirements and several loopholes, the unfunded mandate reform act is proving to be an effective impediment. The Unfunded Mandate Reform Act of 1995 (UMRA, Public Law 104-4) was the first (and only) item in the...