Journal of Public Budgeting, Accounting & Financial Management

Articles from Vol. 21, No. 4, Winter

A Predictive Model of Fiscal Distress in Local Governments
ABSTRACT. This paper investigates the financial risk factors associated with fiscal distress in local governments. We hypothesize that fiscal distress is positively correlated with revenue concentration and debt usage, while negatively correlated with...
Continuing the Search for a Theory of Public Budgeting
ABSTRACT. This paper argues that the search for a theory of public budgeting has proceeded mainly on assumptions of the rationalist paradigm. This approach yielded mostly technical explanations for budgeting phenomena. These explanations fail to capture...
Is There a 'Gaap Gap'? a Politico-Economic Model of Municipal Accounting Policy
ABSTRACT. Positive accounting theory suggests jurisdictions will meet their stakeholders' financial information needs at the lowest possible cost, and current accounting policy will change if it does not accomplish that objective. This paper examines...
Stabilization Fund Strategies in Massachusetts: A Survey of Chief Financial Officers
ABSTRACT. This article summarizes findings of a survey designed to obtain perceptions of municipal finance officers in Massachusetts regarding stabilization fund management strategies. Responses indicate that stabilization funds have become embedded...
The Relationship between Risk and Homeland Security Financing: A Survey of Florida City Managers and Fire Chiefs
ABSTRACT. Survey findings from Florida reveal that larger, higher risk communities perceive greater budgetary trade-offs, a view that supports in part the U.S. Department of Homeland Security's recently implemented strategy in distributing its grants....