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This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. Each chapter provides a description of the discipline area, examines major developments in policy practices and research, and opines on future prospects.
Local Government Financeÿdoes not follow the conventional operational approach to local government finance which typically focuses on issues such as revenue collection, budgeting, performance auditing and accounting, and debt administration. Instead, it offers a broader systemic and multi-level perspective by assessing the governance model of local government finance. For this purpose, the authors compare and contrast the South African model with the international experience. The publication thus makes a significant contribution to analysts and scholars in their sense-making and knowledge production endeavours in this field.
Fiscal health of local governments and municipalities has remained an important issue since the crises of the 1970s in places like New York, Philadelphia and Cleveland. More recently, the bankruptcy of Orange County California raised the possibility of a different type of financial failure than earlier ones. The beginning of the 21st century has witnessed two major economic bubbles including the dotcom and housing bubbles. These economic cycles combined with increasing health care, pension and other structural costs continue to challenge the fiscal viability of many jurisdictions. In particular, the economic and financial crisis of 2007-2008 is likely to result in potentially serious fiscal challenges for local jurisdictions.
This book focuses squarely on the problem of saving local government in the context of extraordinary financial challenges being faced across the globe. Saving Local Government is written principally for practitioners and employs a ‘conversational’ tone which makes complex theory both engaging and accessible. It augments world-best scholarship with Professor Joseph Drew’s extensive practical experience in guiding local governments away from the brink of financial insolvency. It is thus a ‘must read’ for local government executives, Mayors, Councillors and the regulators that oversee the sector. In Saving Local Government Professor Drew also makes a number of important contributions to address significant gaps in the scholarly literature. In particular, the book includes extensive treatment of de-amalgamation, applied natural law philosophy, Aristotelian epistemology for evaluating public policy success, as well as alternatives to financial administration. The work is therefore also compelling reading for scholars.
This series is designed to cover all aspects of sound financial management for local governments in developed and developing countries and economies in transition. Concepts of good governance, transparency and accountability are woven into the text of every chapter, and the needs and potential obstacles to greater decentralization and democracy are highlighted. Each volume is self-contained with its own Trainer's Guide, exercises and web resources. Chapters are divided into basic and advanced concepts and the detailed relationship of each topic to the others covered in the series is explained.