Current municipal GAAP is geared toward monitoring the narrow notion of dollar accountability (i.e., compliance with budgeted dollar spending limits). It is argued that even with the limitation of present measurement technology, accountants involvement in municipal financial reports could play a...

Local governments are important to the provision of public goods. Budgetary initiatives at the state level often trap local governments in a fiscal vise, squeezed on one side by the desires of their citizens for public and club goods and on the other side by declining state revenue sharing. As a...