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Modern Budget Forecasting in the American States : Precision, Uncertainty, and Politics (Paperback)

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This book, by Michael J. Brogan, examines government budgeting through the lens of public budget forecast errors. In examining this aspect of the budgetary process, Brogan helps readers understand levels of political and financial risk that policymakers are willing to accept in estimating the likelihood of accurate budget projections. This title is noteworthy in its innovative, accessible approach to examining the budget process through an analysis of forecast errors. Unlike most public budgeting books, which focus primarily on the technical aspects of budgeting or on the politics of the budget process, this book bridges the technicaland political aspects of budgeting, thereby providing a more comprehensive analysis of contemporary issues and research in public budgetary matters.In light of the current financial crisis in the United States, this book is crucial for providing readers with a comprehensive review of the limits of budget projections and how political forces shape the forecasting process. Throughout the text, readers are presented with relevant state-specific mini cases. The mini cases highlight some of the difficulties in projecting future revenue and spending patterns, as well as the political conflict that can ensue. The empirical findings, mini cases, and arguments presented throughout this book are intended to empower readers, giving them the expertise needed to better understand how uncertainty in public budget forecasts affects the budget process. Ultimately, this knowledge can help citizens connect the financial management of a state with its governing patterns.
Number of Pages: 185
Genre: Political Science
Sub-Genre: Economic Conditions, Public Affairs + Administration
Format: Paperback
Publisher: Rowman & Littlefield Pub Inc
Author: Michael J. Brogan
Language: English
Street Date: October 16, 2015
TCIN: 51017029
UPC: 9781498525732
Item Number (DPCI): 248-14-2873

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