Addresses the budget system in a complex systems manner and from a general equilibrium, complex systems approach Looks at the budget as the result of many variables that are outside the finance department's purview Suggests analysis of non-obvious relationships among actions in the budget process in order to optimize results

Autorentext

Jeffrey Chapman joined the ASU faculty in 1999 as the Director of the School of Public Affairs after 26 years at the University of Southern California. After four years as Director, he was appointed as Interim Dean of the College of Public Programs. Chapman retired as an Emeritus Foundation Professor of Applied Public Finance in 2013. He is a member of the Arizona Economic Round Table and is on the Board of Directors of the Grand Canyon Institute. In 2017, the Association of Budgeting and Financial Management awarded him the Aaron Wildavsky lifetime achievement award for public budgeting and finance.

Inhalt

1. The Local Budget as a Complex SystemConcepts and Definitions.- 2. Fiscal Sustainability in the Short and Long Runs.- 3. The Revenue Module.- 4. The Expenditure Module.- 5. Debt.- 6. Economic Development.- 7. The Feedback Loop.- 8. Sustainability and Bliss.- 9. Conclusions and Recommendations.