Efforts to maintain balanced budgets, driven in part by formal requirements, lead to substantial pro-cyclicality in states' capital investments, transfers to local governments, and spending in areas like education and transportation. Extensive reliance on relatively volatile revenue sources...

This Article exposes a misapplication of federalism as the driving force behind the Supreme Court's extreme narrowing of the 42 U.S.C. § 1983 remedy for beneficiaries of federal-state cooperative spending programs. Originally, the Court applied a presumption, via § 1983's straightforward...

In the wake of the most recent U.S. recession, both New York State and New Jersey have faced multibillion-dollar budget gaps. An analysis of the makeup of their budgets reveals that the states' heavy reliance on personal income taxes - particularly from high-wage earners in the finance sector -...

Provincial budgets may normally make for dry reading, but in Alberta's case, there is plenty of suspense lurking inside the pages — and that's not necessarily a good thing. Your average family may know certain things about balancing a budget: keeping spending roughly in line with income; not...

Kido, Petacchi and Weber [2012] investigate whether the occurrence of a state gubernatorial election is important to understanding the accrual choices of preparers of the state's comprehensive annual financial report. Central to the authors' argument is the idea that voters do not like budget...

The purpose of this paper is to encourage and support academic research related to U.S. state and local government financial reporting. We (1) provide an overview of U.S. state and local governments and their financial reporting, (2) discuss sources of government data available to researchers,...

This Article examines the evolution of EPA's audit policy, explores the reasons for states' dissatisfaction with it, and then discusses whether the federal policy should have been issued as a rule under the Administrative Procedure Act (APA). Part I examines the evolution of the federal audit...

Against the backdrop of increasing efforts of the German federal and states’ governments to open up additional private financial sources for transport infrastucture construction this paper tries to give a comprehensive overview over transport-related public expenditures and revenues of the...

André W. Heinemann, Universität Bremen, sieht die Chance, die bundesstaatliche Finanzverteilungsarchitektur durch den Abbau heute nicht mehr begründbarer Finanzströme zu entrümpeln, durch die Bündelung gleichgerichteter Finanzströme zu vereinfachen und durch Reduzierung des...

Im Jahr 2009 wurde die Schuldenbremse in Deutschland gesetzlich verankert: Ab dem Jahr 2020 müssen die Haushalte der Bundesländer strukturell ausgeglichen sein. Gegenwärtig initiierte Konsolidierungsstrategien beeinflussen, ob ein Bundesland die Schuldenbremse im Jahr 2020 einhalten kann....