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. 4, August

Budgeting for Structural Balance: Illustrations from New York City
A necessary prerequisite for stability is a sound budget that is grounded on a well-defined sense of basic, fundamental services that should be provided at all points in the business cycle. The GFOA presents its Louisville Award for Financial Innovation...
Cost Control in North Carolina Public Schools
Ten ways to get control of costs, with examples from North Carolina school systems. Throughout the country, tight budgets have public schools scrambling for savings. Many schools are learning to do more with less. Some schools are eliminating sports...
Financial Derivatives: Governments as End Users
Two surveys of state and local government's use of derivative products shed light on how these tools are being used in the public sector. The GFOA's policy position on regulation of derivatives is highlighted. In the past two decades, fundamental changes...
GFOA Recommended Practices Promote the Professional Management of Government
Over the years, the membership of the Government Finance Officers Association (GFOA) has approved more than two dozen "Recommended Practices" to be followed by finance officers in their application of the various disciplines involved in public finance....
GFOA's International Relations Program
Squeezing more service out of fewer tax dollars, decentralizing budgetary authority, and privatizing and contracting out programs are some of the latest local government reforms underway in Sweden. Governments in Israel also are concerned with cutting...
Planning and Financing Infrastructure Using GIS Technology
One of the early payoffs of the powerful multi-purpose GIS in Johnson County, Kansas, is its easy use as a repository of capital plans, opening the door to further analyses, comparisons of growth strategies and coordination among local units of government....
PPCC 1993 Survey Results
This article presents summary analysis of the state and local government retirement systems surveyed by the Public Pension Coordinating Council (PPCC) in the summer of 1993. The purpose of the survey was to obtain in-depth information about the current...
Public Finance and Infrastructure Investment
The following are excerpts from Representative William J. Coyne's speech to the House of Representatives introducing the Public Finance and Infrastructure Investment Act of 1993 (H.R. 3630), which appeared in the November 22, 1993, Congressional Record....
Reporting Model Proposals
In June, the Governmental Accounting Standards Board (GASB) issued an invitation to comment (ITC) document on the "financial reporting model" (i.e., the framework used for financial reporting by state and local governments). The ITC document outlines...
Rural Banks and Their Communities: A Matter of Survival
As rural community banks chart their futures, they are challenged by economic and financial change. Today's rural communities are no longer isolated from global and national economic trends. Competition from abroad has hurt profit margins for rural businesses....
School Property Taxes under Fire
When Michigan voters recently approved a plan to substitute sales taxes and other state taxes for the local property tax, it gained national attention. The New York Times called it "the most dramatic change in the way public schools are financed in a...
School Reform and Tax Reform: A Successful Marriage?
Over the past year, the state of Michigan has profoundly changed the way in which the state's elementary and secondary schools are funded and, at the same time, fundamentally reformed the state's revenue system. With the passage of Senate Bill 1 during...
State Revolving Funds: A Model for Financing Drinking Water Programs?
State revolving funds for wastewater treatment facilities exhibit a variety of creative financing structures. Will SRFs become the preferred alternative for financing drinking water programs as well? State revolving funds (SRFs) created in 1987 to finance...