Understanding Municipal Fiscal Health

"The authors provide a comprehensive guide to the assessment of municipal fiscal health and stress that will be essential for local and state officials, analysts, and students and researchers. The data and measures available to public finance analysts has proliferated, but, until now, there was no clear guide on how to use it. This book teaches the reader the science and the art of municipal financial analysis and will be used for years."

John R. Bartle, University of Nebraska at Omaha, United States

"Despite local government’s indispensable contributions to our communities and the many billions of dollars that flow into local government budgets, there is no obvious way to judge the financial condition of these institutions. Understanding Municipal Fiscal Health provides a much-needed explanation of the inescapable complexities of measuring the financial condition of local governments. It covers the spectrum of issues that must be considered when attempting to measure the financial performance of organizations that don’t exist for a financial purpose! It also offers practical examples and insights that can help scholars and practitioners better apply the discipline of financial condition analysis to local governments and, thereby, support their continued viability."

Shayne Kavanagh, Government Finance Officers Association, United States

“This book is about a deeper and more comprehensive understanding of the specific issue of municipal financial health, and to that aim the authors have conceived of it on the onion principle. Although this topic has been known in the world of research but also practice for several decades, this honest and artisanal approach goes peel by peel from external factors to the heart of understanding the financial health of municipalities using the US municipal sector and selected case studies as examples.”

Filip Hrůza, Masaryk University, Czechia, writing in the International Journal of Public Administration, 46:11, 795-796 (2023) https://doi.org/10.1080/01900692.2023.2208771

“Although the book gives the impression of being written with the practitioner in mind, I believe its strength lies in its ability to be used in the classroom… What I find particularly useful for teaching about the book is Chapter 14, which considers the academic and professional approaches to fiscal health… the authors discuss how the approaches of academics and practitioners differ and then discuss the use of their approach to resolve the gap. In my own teaching experience, this chapter has proven itself popular with students. When combined with the case studies of Chapters 9 through 13, the chapter helps students to understand the difference between academic and practitioner dynamics while giving them a process for working through how to resolve the differences. Furthermore, the chapter gives students a way of understanding the book’s model of fiscal health that can be applied by anyone working for a government, not just those with advanced statistical training.”

Henry Muley, University of Zimbabwe, writing in Teaching Public Administration (2023) DOI: 10.1177/01447394231204687