Modern Budget Forecasting in the American States

About this book

"In light of the current financial crisis in the United States, Modern Budget Forecasting in the American States 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, which 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." -- Back cover.