The Ambiguities and Limits of Fiscal Strain Indicators

Stonecash, Jeff; McAfee, Patrick

doi:10.1111/j.1541-0072.1981.tb01008.x

Cited by 15 publications

(5 citation statements)

References 3 publications

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“…Changes in the fiscal environment (ID) and fiscal structure (IIIE) are two additional dimensions of fiscal health that should be measured separately from the others. The significance of these dimensions is apparent from research that examines the role of environmental change to current levels of fiscal stress (Morgan and England 1983;Stonecash and McAfee 1981;Bunce and Neal 1984;Bahl 1984). This research suggests that governments can face more immediate fiscal threats from a worsening of prior conditions than from bad fiscal conditions that have existed for some time.…”

Section: Dimensions Of Fiscal Health and Financial Conditionmentioning

confidence: 99%

Assessing and Measuring the Fiscal Heath of Local Governments

Hendrick

2004

Urban Affairs Review

236

233

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This study presents a framework for assessing the financial condition and fiscal health of municipal governments, develops indices for some dimensions of the framework, and applies the indices to 264 suburban municipalities in the Chicago metropolitan region. The framework is based on a systems view of local government financial condition. It shows that fiscal health is a complex and multidimensional concept with varying time frames. Furthermore, the dimensions are related but often in indirect or nonlinear ways, indicating they must be measured separately rather than combined into a comprehensive indicator of fiscal health. Indices developed here for targeted dimensions of the framework are assessed and compared to alternative indicators of fiscal health developed by others in the field.

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Section: Dimensions Of Fiscal Health and Financial Conditionmentioning

confidence: 99%

Assessing and Measuring the Fiscal Heath of Local Governments

Hendrick

2004

Urban Affairs Review

236

233

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“…Following the financial crises that many governments experienced in the 1970s, analysts proposed metrics that could be used to measure a government’s fiscal condition and provide an early warning of distress. Fiscal condition indicator systems were described by Groves et al (1981), Clark and Ferguson (1983), and Brown (1993), and despite limitations, including those associated with measuring a complex concept (Hendrick, 2004; Jacob and Hendrick, 2013; Stonecash and McAfee, 1981), and data quality and reporting consistency (Crosby and Robbins, 2013), these indicators are still used (e.g. US Department of Transportation, 2000; Wang et al , 2007; Washington Metropolitan Area Transit Agency, 2016).…”

Section: Fiscal Stress In Public Transitmentioning

confidence: 99%

Equity and public finance issues in the state subsidy of public transit

Hudspeth

Wellman

2018

JPBAFM

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Purpose Public transit is an essential service for people without access to an automobile, particularly those who are low income, elderly, or with disabilities. Previous research has found that large urban transit agencies receive less state funding per ride provided than suburban agencies. The paper aims to discuss this issue. Design/methodology/approach Using data from the National Transit Database for 37 of the largest US transit agencies, the authors create a panel data set of services provided and sources of operating funds for the period 1991-2009. The authors develop an equity index that represents the difference between the share of state funding that an agency receives and the share of the total transit rides in the state that it provides. The authors use fixed-effects regression modeling to examine the determinants of fiscal balance and the equity index. Findings The authors find that the share of an agency’s operating funds that come from dedicated taxes is a significant predictor of fiscal health as measured by its fiscal balance; reliance on passenger fares and provision of bus service are significant predictors of operating deficits. The equity index finds that large agencies receive less than their fair share of state transit funding based on ridership. Practical implications Dedicated tax revenues are a key ingredient to transit agencies’ fiscal stability. Transit agencies’ fiscal condition in states and localities that do not have a dedicated tax could benefit from such a tax. Social implications Transit is an essential service for people who are unable to drive or own an automobile; funding inequities maintain old patterns of segregation and isolation for “transit dependents.” Originality/value This study supports earlier research finding that large agencies receive less than their fair share of state funding based on ridership. It contributes to the literature on transportation equity and transit finance.

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“…This new area of study has been recognized by both information systems (IS) managers and management information systems educators as making significant contributions towards the managing of information services and technologies as corporate assets. Although no universal definition exists of this emerging sub-field it has, however, evolved under the premise that information and information related technologies are vital organizational resources, and deserve to be managed as skillfully as other factors of production such as capital, land, and labor (Horton, 1977;Connell, 1981;Stonecash, 1981;Marchand and Horton, 1986;Otten, 1984;Guimaraes, 1988;Farka-Conn, 1989;Trauth, 1989;McLeod, 1990).…”

Section: • • • • •mentioning

confidence: 99%

Information Resources Management Education

Laribee

1991

Information Resources Management Journal

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The Ambiguities and Limits of Fiscal Strain Indicators

Cited by 15 publications

References 3 publications

Assessing and Measuring the Fiscal Heath of Local Governments

Assessing and Measuring the Fiscal Heath of Local Governments

Equity and public finance issues in the state subsidy of public transit

Information Resources Management Education

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