Higher Education

Fiscal Administration, 8th Edition

  • John Mikesell Indiana University, Bloomington
  • ISBN-10: 0495795828  |  ISBN-13: 9780495795827
  • 736 Pages
  • Previous Editions: 2007, 2003, 1999
  • © 2011 | Published
  • College Bookstore Wholesale Price = $309.75
  • Newer Edition Available
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FISCAL ADMINISTRATION, Eighth Edition, is based on two principles: that students must understand precisely where the money for public budgets comes from; and that, to learn public finance and budgeting, students must "run the numbers." John L. Mikesell--an authority on the revenue side of public finance--gives students detailed instruction to equip them to deal with the complex issues and calculations they will encounter in the field. In most chapters, Mikesell includes questions and exercises that require calculations to get specific answers. Also included are "Cases for Discussion" and "Sidebars" that supplement the regular text with more in-depth treatment of key topics. This new edition includes the budget information from the Obama administration and the latest federal government fiscal data.

Features and Benefits

  • "Cases for Discussion," real-world contemporary cases push students to think critically about how government finance works, including questions that prompt student analysis and debate about fiscal applications in the public sector. New cases and sidebars added in this edition.
  • Chapter-ending "Questions and Exercises" that require quantitative and qualitative analysis and solutions to fiscal problems drawn from federal, state, and local governments.

Table of Contents

1. Fundamental Principles of Public Finance.
2. The Logic of the Budget Process.
3. Budget Structures and Institutions: Federal and State-Local.
4. Budget Methods and Practices.
5. Budget Classifications, Systems, and Reform: Trying to Make Better Choices.
6. Capital Budgeting, Time Value of Money, and Cost-Benefit Analysis: Process, Structure, and Basic Tools.
7. Taxation: Criteria for Evaluating Revenue Options.
8. Major Tax Structures: Income Taxes.
9. Major Tax Structures: Taxes on Goods and Services.
10. Major Tax Structures: Property Taxes.
11. Revenue from User Fees, User Charges, and Sales by Public Monopolies.
12. Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets.
13. Intergovernmental Fiscal Relations: Diversity and Coordination.
14. Debt Administration.
15. Managing Public Funds: Cash Management, Employee Retirement, and Sovereign Wealth Funds.

What's New

  • Analysis of the most recent federal budget, released by the Obama administration, as well as the latest tax data available.
  • Extensive coverage of the Program Assessment Rating Tool (PART) for the federal budget-making process.
  • Coverage of federal tax reform proposals, including President's Tax Reform Panel deliberations.

Efficacy and Outcomes


"The best text book in the market for graduate courses in public budgeting/financial management."--Rowan Miranda, University of Chicago

— Rowan Miranda

"The best textbook of which I know that treats public budgeting and financial administration so comprehensively."--Napoleon Bamfo, Valdosta State University

— Napoleon Bamfo

Meet the Author

Author Bio

John Mikesell

John L. Mikesell received his Ph.D. in economics from the University of Illinois. He is chancellor's professor of public and environmental affairs at Indiana University-Bloomington. His work on government finance and taxation has appeared in journals such as National Tax Journal; Public Budgeting and Finance (for which he serves as editor-in-chief); Public Finance Quarterly; Southern Economic Journal; Public Administration Review; Public Choice; International Journal of Public Administration; and Journal of Public Budgeting, Accounting, and Financial Management. Dr. Mikesell is co-author of Sales Taxation, State and Local Structure and Administration (Urban Institute Press). His distinguished career includes serving as chief fiscal economist on the USAID Barents Group/KPMG Peat Marwick fiscal reform project with the Government of Ukraine (1995) and as director for assistance in intergovernmental fiscal relations with the USAID Georgia State University Consortium Russian fiscal reform project (1998–99). He directed U.S. Department of State supported public administration partnerships involving institutions in the U.S. and Russia, and he has worked on fiscal studies for several states, including New York, Minnesota, Indiana, and Hawaii; as consultant on World Bank missions to several countries; and as a senior research fellow, Peking University–Lincoln Institute Center for Urban Development and Land Policy in Beijing. Dr. Mikesell received the 2002 Wildavsky Award for Lifetime Scholarly Achievement in Public Budgeting and Finance from the Association for Budgeting and Financial Management.