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The Guide to Local Government Finance in California provides a unique look at local government finance that covers not only the vital fundamentals like budgeting, accounting, and investing but also lesser known yet equally powerful forces that affect the ability of cities, counties, and special districts to deliver essential services. Focusing on the unique and complex nature of finance in California, the Guide to Local Government Finance in California answers questions such as:
What are the best practices in budgeting?
How do developers and cities size up the economics of potential projects?
What are the pressures that often push government costs beyond the annual inflation rate?
Why do labor force costs consume such a big piece of budget pie?
What is the outlook for reform in California and what principles should guide reform?
Appendices offer a step-by-step process for preparing, reviewing, and adopting a city budget and tips for presenting financial information in meaningful ways.
The Guide to Local Government Finance in California is an essential resource for public agency managers and other staff, including planners and policy analysts, as well as appointed and elected public officials, teachers, students, and citizens at large who want to understand and improve California s complex system of local government finance.
For more than a generation, California has used a complicated system to provide services to its citizens that relies heavily on local governments in delivering them. Yet the money needed to fund those services is largely controlled by the state government. This disconnected system has been manageable when the economy is robust and revenues from taxes and fees are flush. Adequate money can hide a lot of systemic problems. Whenever the economy sputters, however, the profound weaknesses of the system are glaringly exposed. And in recent years, the economy has been sputtering more often than not.
As a result, there is deep disaffection with state government - a disaffection that ripples across local government too - triggering almost incessant calls for reform by California citizens. But most citizens, it is fair to say, do not really understand the financial system that they rail against. And who can blame them considering the byzantine structure and arcane rules of public finance in California?
The primary purpose of this book is to provide a solid foundation for those who are interested in better understanding and navigating the complexity of California local public finance. This will not only result in better decisions within the current broken system but will also help in reforming and improving it.
To do so, this book provides a broad overview of local government finance in California: the structure of government service delivery; the responsibilities of different types of local governments; the sources of revenues and their limitations; the fundamentals of public budgeting and accounting; and the ways money can be borrowed to build infrastructure. Such an overview requires some grounding in the convoluted history of the relationship between the state and local governments. It must also touch on topics that are fundamental to both an understanding of the problems and the possibility of reform, such as labor relations and the fiscal implications of development.
Guide to Local Government Finance in California, with its broad scope of topics, benefits from the perspectives, experiences and expertise of multiple authors, including especially practitioners in the field who appreciated not just the technical issues, but the cultural, historical and political elements as well.
The result is a useful primer regarding local government finance in California and contributes toward much-needed reform of the system.
- Sales Rank: #1166957 in Books
- Published on: 2012-06-01
- Binding: Perfect Paperback
- 316 pages
Review
This is the most comprehensive treatment of local government finance in any state that I have ever seen. The authors have brought their many decades of professional experience to this important undertaking, and the end product is nothing short of impressive. This guide will prove useful to elected and appointed local government officials, business leaders, reporters, students, faculty, and others who are struggling to understand the highly complex world of local government finance in California. It also underscores exactly why local government managers and fiscal officers play such a critical role in advancing and protecting the public interest in a state as diverse and challenging as California. --Chris McKenzie Executive Director, League of California Cities
Over the course of my 27 years as a city manager, I would have loved to have had a resource like the Guide to Local Government Finance in California to provide to my council members and staff. It uniquely covers all of the ground that encompasses the complexities of local government finance in California and in an easy-to-read way. It s a great resource for elected officials and staff. --Kevin Duggan Western Regional Director, International City and County Management Association
The authors of the Guide to Local Government Finance in California sought to create a book for those who are interested in better understanding and navigating the complexity of California local public finance, and their approach makes the volume accessible to a wide range of readers. The book provides a thorough, basic overview, a complete guide that provides plenty of detail. Multari, Coleman, Hampian, and Statler bring an expository tone to many of the most zippy buzz words and processes, and they do so without missing the operative details that make such a book useful for public finance officers...
Guide to Local Government Finance in California provides a great deal of information that will be especially helpful to readers who are new to public finance or just looking for primer to fill in areas they might not have as much experience with. It can also serve as an excellent reference for those wishing to find quick answers to specific questions... --Review excerpts from Government Finance Officers Association newsletter
About the Author
Michael Multari was the community development director in Morro Bay and San Luis Obispo before co-founding Crawford, Multari & Clark Associates (CMCA), a consulting practice that provided planning and fiscal assistance to public agencies throughout California. Since leaving CMCA in 2000, he has served as the executive director of the non-profit Morro Bay National Estuary Program and has worked on various campus planning projects at Cal Poly San Luis Obispo. He received an MPA from Princeton University and has been a member of the adjunct faculty in the City and Regional Planning Department at Cal Poly for over 20 years.
Michael Coleman is an experienced city fiscal officer and a leading expert on California local government revenues, spending, and financing. He is the creator of CaliforniaCityFinance.com California Local Government Finance Almanac, an online resource of data, analyses, and articles on California municipal finance and budgeting. He is the principal fiscal policy advisor both to the California Society of Municipal Finance Officers and, for over 15 years, to the League of California Cities. Coleman is a popular presenter at graduate schools and conferences, and is the author of numerous articles and references on the topic. Coleman received an MPA from the University of Southern California.
During his 35-year public sector career, Ken Hampian served at the county, federal, and city levels of government, including 20 years in San Luis Obispo where he retired as city manager in 2010. Honors have included the League of California Cities John S. Nail Award and selection to the prestigious Presidential Management Internship Program. In the summer of 2011, Hampian served without compensation as the interim city manager of beleaguered Bell, California, during a time of dire need. His service there has been recognized by a variety of professional associations. Today Hampian teaches, trains, writes, and consults.
Bill Statler served as the Director of Finance & Information Technology for the City of San Luis Obispo for 22 years and for 10 years as finance officer for the City of Simi Valley before that. Under his guidance, San Luis Obispo received national recognition for excellence in its financial planning, budgeting, reporting, and management systems. He has played a large leadership role in the municipal finance profession, including serving on the Board of Directors of the League of California Cities, President of the California Society of Municipal Finance Officers (CSMFO) and California Committee on Municipal Accounting. In 2011, Statler was awarded the CSMFO s Distinguished Service Award for his outstanding contributions to the municipal finance profession. Statler continues to be deeply involved in the field as a consultant, trainer, and author.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Assigned this as required reading for a Masters level public ...
By JoS
Assigned this as required reading for a Masters level public finance class. I appreciated the clarity and scope of the book. My students groused at the cost, however, especially since a number of them had their bindings fail (as did mine). So much for my pitch that this book can be a lasting reference in their professional library.
0 of 0 people found the following review helpful.
A Reading Requirement!
By David Stottlemyre
Reading this book should be a requirement of all council members, prior to being sworn into office. It's so very unfortunate that most council members do not understand government finances, and yet it is one of the most important functions they'll be responsible for.
0 of 0 people found the following review helpful.
Best book to learn public budgeting
By Sol Jung
Best book in learning public budgeting system! Had to read it for a class but ended up learning so much!
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