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Overview
Mikesell's FISCAL ADMINISTRATION, 11th Edition, upholds fundamental principles for teaching public finance. It emphasizes the importance of understanding the origins and destinations of public budgets, while encouraging students to apply their knowledge through practical calculations that are immediately valuable to potential employers. This edition prioritizes equipping students with the skills necessary to tackle the intricate challenges they will encounter in the real world. Each chapter incorporates thought-provoking questions and exercises that necessitate numerical calculations for determining the answers. Furthermore, "Learning Objectives," captivating "Cases for Discussion" and engaging "Sidebars" offer in-depth and often irreverent insights into key topics, illustrating the idiosyncrasies of fiscal administration.
- New current events coverage that answers questions like: How does post-COVID work-from-home policies affect interstate income taxes? How did the Supreme Court’s ruling on the constitutionality of economic nexus affect sales tax administration on Internet sales? How have the rise of criminal justice fines as a revenue source changed how governments allocate public safety resources? The new edition reflects the many social, economic and legal forces altering the landscape of Fiscal Administration.
- A new focus is placed on considerations of race, gender and social equity in the many dimensions of budgeting and tax issues.
- New examples draw from the COVID-19 pandemic’s fiscal and macroeconomic effects (public expenditures, inflation, intergovernmental grants), providing fresh relevancy to the lived experience of students.
- "Cases for Discussion" present real-world contemporary case studies 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.
- "Questions and Exercises" at the end of each chapter challenge students with both quantitative and qualitative solutions to fiscal problems drawn from federal, state and local government levels.
- FISCAL ADMINISTRATION, Eleventh 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 Budgets.
6. Budget System Reforms: 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 Fines, Fees, 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.