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Author: Terry N. Henley
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The Great Recession produced rising debt, deficits, and exposed vulnerabilities for municipalities in a globalist economy. The two-month COVID recession in 2020 accelerated these burdens; a lagging downturn recently added pressures of reduced economic activity, record inflation, and rising costs in 2022. This dissertation studies how local financial sustainability (FS) and financial condition (FC) approaches can work in concert towards a set of indicators with internal and external categorization to explain municipal financial health (MFH). Unassigned fund balance plus select formal stabilizations measure MFH, are conceptually supported in having retrospective (FC) and prospective (FS) value as an intergenerational resource and are theoretically supported by common-pool resource theory. The resource-based view supports 51 unique predictor variables within MFH elements--demographics, economics, organizational structure, fiscal management, and politics/fiscal policy. This exploratory-predictive research uses partial least squares structural equation modeling, 2017 data, and a final sample of 391 Florida cities to predict variations in MFH using three primary models: FC, FS, and Hybrid. The study found the models have valid measurement assessment. The Hybrid model was the best in structural assessment. Advanced testing of Hybrid modeling found politics/fiscal policy to have the strongest relationship with MFH. Higher order modeling found the internal construct (fiscal management and politics/fiscal policy) outperformed external (demographics and economics). Multigroup testing of binary organizational structure attributes found cities with utility-enterprise revenue different than those without. The residential stock equity measure offered can improve resident understanding of MFH and (inter)intragovernmental analysis for researchers and public agencies in any economic climate.
Author: Terry N. Henley
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The Great Recession produced rising debt, deficits, and exposed vulnerabilities for municipalities in a globalist economy. The two-month COVID recession in 2020 accelerated these burdens; a lagging downturn recently added pressures of reduced economic activity, record inflation, and rising costs in 2022. This dissertation studies how local financial sustainability (FS) and financial condition (FC) approaches can work in concert towards a set of indicators with internal and external categorization to explain municipal financial health (MFH). Unassigned fund balance plus select formal stabilizations measure MFH, are conceptually supported in having retrospective (FC) and prospective (FS) value as an intergenerational resource and are theoretically supported by common-pool resource theory. The resource-based view supports 51 unique predictor variables within MFH elements--demographics, economics, organizational structure, fiscal management, and politics/fiscal policy. This exploratory-predictive research uses partial least squares structural equation modeling, 2017 data, and a final sample of 391 Florida cities to predict variations in MFH using three primary models: FC, FS, and Hybrid. The study found the models have valid measurement assessment. The Hybrid model was the best in structural assessment. Advanced testing of Hybrid modeling found politics/fiscal policy to have the strongest relationship with MFH. Higher order modeling found the internal construct (fiscal management and politics/fiscal policy) outperformed external (demographics and economics). Multigroup testing of binary organizational structure attributes found cities with utility-enterprise revenue different than those without. The residential stock equity measure offered can improve resident understanding of MFH and (inter)intragovernmental analysis for researchers and public agencies in any economic climate.
Author: Kathleen Sullivan Sealey
Publisher: Springer
ISBN: 331979020X
Category : Science
Languages : en
Pages : 87
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Book Description
This SpringerBrief uses a complexity perspective to integrate risk, finance, and ecological issues in Miami, USA. It focuses on how the modern financial system, particularly the mortgage market, perceives and manages the risk of climate change. Authors Kathleen Sealey, Ray King Burch and P.-M. Binder offer the case study of South Florida to illustrate how landscapes can be either re-purposed to function ecologically when residents relocate or rebuilt to reduce the threat of future flooding, the tools needed to make these decisions, and how financial systems view and influence them. While the need to integrate financial markets into coastal (and environmental) management is increasingly recognized, the difficulty of this task is made greater by the speed of financial innovation and the obscurity and complexity of its practices. This book will discuss the innovative Southeast Florida Regional Climate Compact, and the success of public-private partnerships in planning and adapting to sea level rise, but also the broad disconnect with the cash-and-credit-driven real estate market of South Florida. The book presents an interdisciplinary approach to the understanding of the coupled human (including finance) and natural systems in coastal cities, thus breaking new ground in the approach towards sustainability research and education. The final chapter introduces the social component of resilience which include pre-disaster outreach with and the potential for decision theory to help people understand and manage risk.
Author: Florida. State Planning Board
Publisher:
ISBN:
Category : Municipal finance
Languages : en
Pages : 40
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Author: James E. Freeland
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 166
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Book Description
Chapter one provides an introduction. Chapter two seeks to answer the question of how the property tax affects the tax base. Cities are divided into four types as defined by the census. Principal, central, suburban, and rural cities. The reason for dividing the cities into these categories is to see how the impact of changing the millage rate differs between these different city types. Another question this research seeks to answer is how the millage rate affects different property types differently. To address, the sec- ond question, properties are divided into residential, commercial, and office buildings. Increasing the millage rate decreases property values when controlling for provision of public goods. Increasing the millage rate by one percent decreases tax revenue collected in 28 out of 40 Florida regions. The loss in tax revenue from the lower property values outweights the gain in tax revenue from the increased millage rate in these regions. This finding can help provide a local government playbook in times of financial stress. Chapter three seeks to determine the link between municipal surplus and the number of various land use types. The fiscal impact of alternative land uses are partially determined by existing residents. These residents are guided by self-interest to influence what is built within their community. The makeup of a community in terms of renters versus homeowners influences whether a new project will be built. Another determinant of the project approval condition is a community's fiscal stress. Marginal impact for revenue, expenditure, and surplus are calculated for each land use type. The fiscal impact differs between central and suburban cities and in response to the housing market crash. Using a unique panel of Florida cities, systems of revenue and expenditure equations for each xi type of city are estimated before and after the crash. Results show fiscal tightening differs between central and suburban cities after the great financial crisis. This fiscal tightening can be perceived by comparing surplus effects in the pre- and post-crash time periods. Chapter four seeks to answer the question of how city revenue and expenditure are sep- arately related to the spatial density of various property types. Theory suggests that forces work against one another to either raise or lower public services costs as build- ings spatially concentrate within a city. Concentration lowers costs through economies of density but raises costs due to harshness of the environment as found by Bradford and others (1969), Ladd (1992), Ladd (1993), and Ladd (1994). There is little empirical evi- dence on how these opposing forces play out to affect the budgets of local governments. In this part of the project, empirical estimation addresses questions regarding the rela- tionship between the geography of land uses within cities and public services' costs. Property types that, when becoming more concentrated from their mean level, increase revenues are single-family, offices, retail, other commercial, industrial, and institutional. Property types that, when becoming more concentrated from their mean level, increase expenditure are single-family, multi-family, condominiums, retail, other commercial, industrial, and institutional. In general, development has become more spatially dis- persed within cities over time. Three dimensions of this dispersal are to be considered. As the developed area of a city expands, how are municipal revenues and public ser- vices' costs influenced? Second, as the spatial concentration of buildings within the developed area decreases, what is the impact on municipal revenue and public services' costs? Lastly, how are municipal revenue and public services' costs affected by the spa- tial de-concentration of alternative land uses (for example, single-family homes versus office buildings) within the developed area of a city?
Author: Fred Curtis Ward
Publisher:
ISBN:
Category : Municipal finance
Languages : en
Pages : 94
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Author: University of Florida. Public Administration Clearing Service
Publisher:
ISBN:
Category : Cities and towns
Languages : en
Pages : 672
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Author: Roger L. Kemp
Publisher: McFarland
ISBN: 078649235X
Category : Social Science
Languages : en
Pages : 279
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Book Description
This book is based on a national literature search focusing on the best practices of cities, of all sizes and geographic locations, intended to maintain public services while holding down taxes. Many public officials have great ideas, but tend to work in a vacuum, so they don't know what other cities are doing. This volume codifies knowledge in this new field for the first time. Every case study included in this book has the city's website listed. This reference work makes it easy for professionals seeking additional information on any and all budget reduction methods that seem to work somewhere.
Author: Amanda M. Olejarski
Publisher: Taylor & Francis
ISBN: 1003836550
Category : Political Science
Languages : en
Pages : 402
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Book Description
Public administrators need to be empowered to make difficult decisions. Acting in the public interest often means doing what is ethical even when it is an unpopular choice. Yet, too often, public servants at the local, state, and federal levels internalize the notion that their hands are tied and that they are limited in their ability to effect change. Empowering Public Administrators: Ethics and Public Service Values provides a much-needed antidote to inaction, offering a new lens for viewing administrative decision-making and behavior. This book makes a case for bringing historically significant theories to the forefront of public service ethics by applying them to a series of current ethical challenges in practice. Exploring administrative discretion as modern bureaucrats govern public affairs in a political context, this collection builds on the normative foundations of public administration and provides readers with a scaffold for understanding and practicing public service values. Questions for discussion and applications to practice are included in each chapter making this collection of interest to public affairs master’s and doctoral students as well as public service practitioners.
Author: Florida League of Cities
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Florida Advisory Council on Intergovernmental Relations
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 206
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