Description
This comprehensive book describes and analyzes the substance and politics of public budgeting at the national, state, and local levels of government. In doing so, it takes a comparative approach, illustrating the distinctiveness of budgeting at each level, as well as highlighting the features common to all three. A unifying focus is the extent to which budgetary decision makers use the budget as a central vehicle to advance their policy preferences. This fully updated sixth edition provides an extensive and thorough analysis of the causes of the Great Recession, its economic consequences, and the policy responses which pushed the boundaries of conventional monetary and fiscal policy. Also new to this edition is a chapter on the intergovernmental dimensions of public budgeting, along with boxed features highlighting hands-on vignettes of contemporary practical challenges facing budget makers at the different levels of government.
Table of Contents
List of Figures, Boxes, and Tables Preface 1. Public Budgeting in Perspective 2. Budgetary Decision Making 3. Budget Organization and Structure 4. Economics and Politics 5. Taxing and Spending 6. National Budgeting 7. Budgeting in the States 8. Budgeting in Local Units of Government 9. Fiscal Federalism and Intergovernmental Fiscal Relations 10. Budget Execution and Financial Management
