Public Budgeting in America

The Sixth Edition of Public Budgeting in America explains budgetary theory and practice, with a linkage to financial management, at all levels of government in the U.S. It is designed as a primary text for students in public administration and policy, and also serves as an invaluable reference for scholars, practitioners and other readers interested in public budgeting and financial management.Each chapter begins with a budgeting scenario and an introduction of major topics, followed by detailed discussion of each topic, and concludes with a revisit of the opening scenario, a list of review questions, additional case exercises, and references, all of which are integral to the book. Readers are encouraged to apply what they learn in each chapter, analyze the cases, answer the review questions, and expand their research based on the references provided at the end of each chapter.New to This Edition In response to recent budgetary developments, the Sixth Edition has been extensively revised, with all-new coverage on:▪ Changes in monetary and fiscal policies in the twenty-first century (Chapter 2);▪ Recent performance management initiatives (Chapter 3);▪ Federal budget deficits and policy changes under the Bush and Obama administrations (Chapter 3);▪ government revenue and expenditure forecasting (Chapter 5);▪ Comprehensive Annual Financial Reports (Chapter 7) -- completely rewritten in accordance with GASB changes;▪ Social Impact Bonds, a new type of debt instrument with an unusual approach to paying off bonds (Chapter 8);▪ Challenges faced by government in funding public employee pensions (Chapter 10).