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. 25, No. 3, June

Accountability and Transparency in the American Recovery and Reinvestment Act
When signing the American Recovery and Reinvestment Act (ARRA), President Obama made clear that "every taxpayer dollar spent on our economic recovery must be subject to unprecedented levels of transparency and accountability." Accordingly, the president...
Better Understanding the Financial Statement Audit
[ILLUSTRATION OMITTED] For most local governments, the annual financial statement audit is as much a part of the yearly round of public finance as the approval of the operating budget. Despite its routine character, however, the financial statement...
Capital Program Considerations in Challenging Times
[ILLUSTRATION OMITTED] Governments across the country are tightening their budgeting belts. Since capital expenditures make up such a large part of the budget, the capital program is not immune to this contraction. Developing a capital program strategy...
Determining the COST of Vacancies in Baltimore
As the number of home foreclosures rises nationwide, cities face mounting costs related to vacant and abandoned properties. Aside from subsidizing these costs through general funds, fees and fines, cities are suing mortgage financing companies and banks...
Determining the Co$t of Vacancies in Baltimore
[ILLUSTRATION OMITTED] As the number of home foreclosures rises nationwide, cities face mounting costs related to vacant and abandoned properties. Aside from subsidizing these costs through general funds, fees and fines, cities are suing mortgage...
Determining the Real Cost of Growth and Development and Who Should Pay
Many communities throughout the United State have experienced unprecedented growth and development, creating a need for expanding and improving existing infrastructure and acquiring new infrastructure assets to accommodate the needs of current and...
Economic Development: One City's Response to Difficult Economic Times
[ILLUSTRATION OMITTED] Over the past six months, the world of economic development has been turned upside down. Vacancy rates are on the rise, property values are declining, and people are losing jobs. This new economic reality can't be changed,...
Economic Development Strategies for a Tough Economy
Every area of government is being affected by the current economic situation. I Jurisdictions are looking for effective strategies to address increasing vacancy rates, declining property values, and pinched budgets. This issue of Government Finance...
Economic Trends
Many people are paying more attention to economic trends than they did before the credit meltdown. Financing the Future News." Long-Term Financial Planning Resources, Notices, and Events--an electronic newsletter from the GFOA's Research and Consulting...
Explaining the Doctrine of Performance Management
The Dynamics of Performance Management: Constructing Information and Reform By Donald P. Moynihan Georgetown University Press 2008, 224 pages, $26.95 [ILLUSTRATION OMITTED] The public sector has been greatly influenced by performance...
External Performance Reporting, Oregon Style
The Oregon Progress Board is unique in the way it publicly reports performance data. Other governments, including British Columbia, (1) Tasmania, (2) and South Australia (3) emulate aspects of Oregon's system. But unlike Oregon, they do not publicly...
GASB Invites Views on Pension Accounting
The Governmental Accounting Standards Board (GASB), as a matter of policy, periodically reviews its authoritative guidance to determine whether it continues to meet the needs of users of state and local government financial statements. Pursuant to...
Getting Onboard: Integrating and Engaging New Employees
Two dollars and 85 cents. That's how much change a brand-new government employee found in his desk on his first day on the job. How do we know this? Because this civil servant didn't have a computer at his desk and had nothing better to do than count...
Operation No Vacancy
Helps Spur Reinvestment in Distressed Commercial and Industrial CorridorsThis article is based on the case study application the City of Hickory, North Carolina, submitted to the Alliance for innovation for its May 2009 Transforming Local Government...
Operation NoVacancy: Helps Spur Reinvestment in Distressed Commercial and Industrial Corridors
[ILLUSTRATION OMITTED] This article is based on the case study application the City of Hickory, North Carolina, submitted to the Alliance for Innovation for its May 2009 Transforming Local Government conference. The Alliance for Innovation is a...
Prudent Privatization
Too often, political rhetoric overshadows careful analysis. Local and state officials across the country now face urgent questions concerning how to fund infrastructure deficits and gaping budget holes. Last year, for example, New York Governor...
Sports in the Public-Private Arena: City of Toronto
Over the past decade or two, many municipalities have entered into public-private partnerships (P3s) to provide sports and recreation facilities for their communities. Most of these projects have involved the creation or extensive renovation of...
The Case of the Capital Beltway: The Use of Federal Innovative Finance Techniques in Public-Private Partnerships
[ILLUSTRATION OMITTED] Compared with the rest of the world, the United States has been relatively slow to use public-private partnership arrangements (P3s) in building, financing, and operating infrastructure assets. One reason is U.S. tax policy--unlike...
The Use of Federal Innovative Finance Techniques in Public-Private Partnerships: The Case of the Capital Beltway
Compared with the rest of the world, the United States has been relatively slow to use public-private partner- ship arrangements (P3s) in building, financing, and operating infrastructure assets. One reason is U.S. tax policy - unlike many countries,...
Virginia Beach Program Focuses on Neighborhood Revitalization
The City of Virginia Beach, Virginia, strives to be a Community for a Lifetime. To this end, the City Council has added neighborhood revitalization as one of its key goals, based on the assumption that vibrant neighborhoods lead to a high quality of...
Virginia Beach Program Focuses on Neighborhood Revitalization
The City of Virginia Beach, Virginia, strives to be a Community for a Lifetime. To this end, the City Council has added neighborhood revitalization as one of its key goals, based on the assumption that vibrant neighborhoods lead to a high quality of...