Fiscal Health Literature

Honadle, Beth Walter; Costa, James M; Cigler, Beverly A.

doi:10.1016/b978-012354751-4.50003-2

Cited by 12 publications

(19 citation statements)

References 15 publications

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“…9 PCTMALE j,t , PCTOVER65 j,t , and PCTWHITE j,t are the percentage of the total population that is male, over sixty-five, and Caucasian, respectively, in county j at time t , and are included to capture possible impacts of demographic differences and changes over time on government revenues and expenditures. For example, population aging and the rising elderly population could increase certain county services (e.g., services provided to senior citizens) while at the same time having a potentially negative impact on other expenditures such as education (Honadle, Costa, and Cigler 2004; Tosun, Williamson and Yakovlev 2012; Wallace 2012). On the revenue side, both income tax (through tax breaks for the elderly) and the property tax are expected to be impacted by rising elderly population (Brunori 2007, 2011; Skidmore and Tosun 2011; Wallace 2012).…”

Section: Data and Empirical Methodologymentioning

confidence: 99%

The Fiscal Impact of Legalized Casino Gambling

Nichols

Tosun

Yang

2015

Public Finance Review

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We examine the fiscal impact of legalized casino gambling, including Indian casinos. Our study examines the impact this legalization had on counties where casinos were located. Using county-level data between 1987 and 2007 and difference-in-differences estimation, we examine the impact of casino openings on county area government revenues, expenditures, sales tax revenues, and education expenditures. Our results indicate that casinos did not have a statistically significant impact on per capita government expenditures and revenues. However, this was due to differential impacts between commercial and Indian casinos and revenue-sharing legislation between states and counties. There is minimal evidence of a net impact on sales tax revenues in the counties where new casinos opened and some evidence, albeit weak, that Indian casinos are associated with lower county education expenditures. The results are robust when using propensity score matching results accounting for the endogeneity of casino location and spatial lag and error regressions.

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Section: Data and Empirical Methodologymentioning

confidence: 99%

The Fiscal Impact of Legalized Casino Gambling

Nichols

Tosun

Yang

2015

Public Finance Review

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“…In literature, the authors find two types of methodology to measure the fiscal health condition in both developed and developing countries municipalities: scale approach (Brown, 1993; Kleine et al. , 2003) and disaggregated indicator approach (Honadle et al. , 2003; Hendrick, 2004; Wang et al.…”

Section: Literature Reviewmentioning

confidence: 99%

“…It influences the economic development, local government’s organizational flexibility quality, competitiveness, service provision quality, variation in services, quality of the human resource, long-term creditworthiness, and local government cost on citizen's competitiveness. According to Honadle et al. (2003), assessing the local government's fiscal health helps to identify and solve different financial problems.…”

Section: Introductionmentioning

confidence: 99%

Assessing fiscal health of local governments in Bangladesh: evidence from some south-western municipalities

Mamun

Chowdhury

2022

PAP

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PurposeStatus of fiscal health of local governments helps in determining planned budget and realistic action plan for citizens’ wellbeing. This paper aims to assess the fiscal health of local governments in Bangladesh.Design/methodologyUsing data from 18 south-western municipalities of Bangladesh during the fiscal year 2018–19, this research measures fiscal health by applying Wang, Dennis and Tu’s solvency test and Brown’s Ten-Point Test.FindingsThe result shows that one-tenth of the entire municipalities are endowed with better position, whereas almost 39 percent of municipalities are in the worst situation and nearly 50 percent of municipalities are in the average category. Because of having limited liabilities, the municipalities are endowed with more than enough cash solvency and reasonable level of long-run solvency. The key problems are that budgetary solvency of all municipalities is not satisfactory, and service expenses are more than their revenue generation. This study suggests improving the financial capabilities of the municipalities through properly using their resources, generating loans, and claiming a need-based budget from the central government.OriginalityThe paper investigates the status of fiscal solvency of local governments in Bangladesh in a new dimension. The findings might be helpful to policymakers in budgeting for development initiatives of local governments in Bangladesh so that citizens’ better wellbeing is ensured.

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“…The fiscal distress literature emphasizes prediction over reaction (AlBassam, 2011; Ammons et al, 2012; Coe, 2008; Kloha, Weissert, & Kleine, 2005; Lavigne, 2011; Skidmore & Scorsone, 2011), but neither the tools nor the political will is up to the task. Past practices have generally focused on cutbacks and outsourcing (Honadle, Costa, & Cigler, 2004; Perlman & Benton, 2012), as the available resources and management capacity are not geared for the challenges of sustained recessions. Until predictive monitoring models are given the legislative teeth to intercede before fiscal stress becomes distress, the specific tactics will be limited.…”

Section: Concluding Lessonsmentioning

confidence: 99%

A Tale of Two Hatchet Men

Kasdan

2014

Administration & Society

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Fiscal stress in local governments has reached catastrophic levels in Michigan, which has implemented emergency management legislation in an attempt to keep apace of the problems it faces, including Detroit’s bankruptcy. It is time to consider what kind of public administrator is needed to address the problems of modern fiscal distress. Whereas the political approaches and policies for emergency financial management across the country may differ, the emergency manager can still bring successful generalized approaches and practices to many problems. This research studies two such bureaucrats in Michigan, one who has been instrumental in the development of emergency management policy for decades and one who is bringing his skills in corporate bankruptcy counsel to task.

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Fiscal Health Literature

Cited by 12 publications

References 15 publications

The Fiscal Impact of Legalized Casino Gambling

The Fiscal Impact of Legalized Casino Gambling

Assessing fiscal health of local governments in Bangladesh: evidence from some south-western municipalities

A Tale of Two Hatchet Men

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