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FISCAL ADMINISTRATION, Tenth Edition, is based on two principles: Students must understand precisely where the money for public budgets comes from and where it goes, and students must "run the numbers" to effectively learn public finance and budgeting and to be immediately useful to prospective employers. John L. Mikesell gives students detailed instruction to equip them to deal with the complex issues and calculations they will encounter in the field. Chapters include questions and exercises that require calculations to determine the answers. Also included are more "Cases for Discussion" and "Sidebars" that provide in-depth and often irreverent treatment of key topics and illustrate how strange fiscal administration can be.
- The 10th edition reorganizes the chapters on budgeting to put both chapters on developing skills and methods before chapters on federal and state-local budget practices.
- Updates include in-depth analysis of the recent federal budgets, fiscal crises and bankruptcies of state and local governments, debt market issues; extended analysis of measuring fiscal health with comprehensive annual financial report data; pension problems of state and local governments; and the latest tax data available.
- Several sidebars and cases have been added to give the text even more practical relevancy.
- FISCAL ADMINISTRATION, Tenth Edition, covers the full scope of financial operations, including the budget process, revenue policy and administration, intergovernmental fiscal relations, and debt administration, with clarity and authority. It provides in-depth analysis and develops the skills that the student will need to become an active participant in public finances. It starts the development of financial specialists and provides the basics needed for any public manager.
- "Cases for Discussion" present real-world contemporary cases that encourage students to think critically about how government finance works. Each case includes questions that prompt students to analyze and debate fiscal applications in the public sector.
- "Sidebars" provide insights into the operation of finance that go beyond the ordinary textbook coverage.
- Chapter-ending "Questions and Exercises" challenge students with both quantitative and qualitative solutions to fiscal problems drawn from federal, state, and local government levels.
2. The Logic of the Budget Process.
3. Budget Methods and Practices.
4. Federal Budget Structures and Institutions.
5. State and Local Governments.
6. Budget Classifications, Systems, and Reform: Trying to Make Better Choices.
7. Capital Budgeting, Time Value of Money, and Cost-Benefit Analysis: Process, Structure, and Basic Tools.
8. Taxation: Criteria for Evaluating Revenue Options.
9. Major Tax Structures: Income Taxes.
10. Major Tax Structures: Taxes on Goods and Services.
11. Major Tax Structures: Property Taxes.
12. Revenue from User Fees, User Charges, and Sales by Public Monopolies.
13. Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets.
14. Intergovernmental Fiscal Relations: Diversity and Coordination.
15. Debt Administration.
“The case studies are great. Chapters about sales tax, VAT, property tax, and income tax are very informative and interesting for students.”
“The writing in general is very accessible and the examples provided are appropriate for upper level undergraduates and graduate students.”
Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.
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