State and local government financial management has passed through at least two major and distinct phases over the past decade: Acute financial distress brought on by tax base siege and then a combination of federal and state tax reform and intergovernmental aid contraction. Both have swept away certainty and left scarcity and volatility in their wake. The response, coping strategies, have followed the prediction of administrative theories: In striving for greater fiscal independence, local finance officers and decision makers may have created even more dependency. This survey of developments traces trends which have emerged over the past decade to determine what alternative futures might lie ahead for government financial management.
ASJC Scopus subject areas
- Business and International Management
- Public Administration