1st Edition
Public Budgeting and Financial Management A Casebook
Introduction
Chapter 1. Revenue budgeting in practice
Case study 1. Revenue volatility and forecasting error: Navigating budget instability in California
Case study 2. Revenue Windfall from Illinois cannabis taxes, societal benefit, and negative consequences
Case study 3. “Welcome stranger” system and its impacts on revenues in California
Case study 4. When Revenue Disappears: Case of Moffett, Oklahoma
Chapter 2. Expenditure budgeting in practice
Case study 5. Comparative analysis of universal free school meals programs at the state level in the United States
Case study 6. Fiscal stress and closing schools in Jefferson County, Colorado (Public hearing simulation)
Case Study 7. Budgeting for vacancies
Chapter 3. Government accounting basis
Case study 8. Accounting bases and budgeting during the COVID-19 pandemic: Lessons from Cuyahoga County, OH
Chapter 4. Green budgeting
Case study 9. Federal green budgeting and the “forever chemicals” challenge: Protecting U.S. drinking water systems
Case study 10. Congestion pricing in New York City
Case study 11. Congestion and Low Emission Zones in London
Chapter 5. Participatory budgeting
Case Study 12. Participatory budgeting in New York City
Chapter 6. Internal controls
Case study 13. The embezzlement of funds in Clark County, OH
Case study 14. The internal control violations in the City of Nelsonville, OH
Case study 15. Municipal fraud and whistleblowing in City of Dixon, IL
Chapter 7. Capital budgeting
Case study 16. Critical needs of capital investments at the federal level in the United States
Case study 17. Financing challenges in the U.S. surface transportation system
Chapter 8. Cost-benefit analysis
Case study 18. Benefit-cost analysis RT-30 Ohio
Case study 19. Revenue today, costs tomorrow: A public finance perspective on the Chicago Skyway 99-year lease
Chapter 9. Debt management
Case study 20. Mozambique: Lessons from “the hidden debt scandal”
Case study 21. The recovery of Illinois credit ratings – an institutional and fiscal analysis
Chapter 10. Budgeting during fiscal emergency and bankruptcy
Case study 22. Fiscal crisis and recovery in the City of Milwaukee, WI
Case study 23. Fiscal emergency in East Cleveland
Chapter 11. Economic incentives, economic development, and their revenue impact in local governments
Case study 24. Economic development incentives and limitations and their impacts on revenues: Case of South Holland, IL
Case study 25. Case study of a mega Shore-to-Core-to-Shore TIF District in Cleveland, OH
Case study 26. Case study and simulation game. Economic incentives and budget revenue diversification in the Village of Matteson, IL
Case study 27. Economic development and revenue impact: Case of Village of Bradley, IL
Conclusions
Index
Biography
Natalia Ermasova is a Professor and an MPA Program Director at Governors State University, Illinois, USA. She is an Adjunct Professor in the MPPA Program at Northwestern University. She was a Fulbright Specialist at Matej Bel University, Slovakia, in 2025, a Fulbright Visiting Professor at the National University of Public Service, Budapest, Hungary, in 2023, and a DAAD Visiting Professor at Ludwigsburg Academy for Civil Services, Germany. She is the co‑author (with Tatyana Guzman) of Municipal Fiscal Stress, Bankruptcies, and Other Financial Emergencies (Routledge, 2023).
Tatyana Guzman is an Associate Professor in Public Budgeting and Finance at the Levin College of Public Affairs and Education at Cleveland State University, Ohio, USA. She joined Levin College faculty in 2013, where she teaches government budgeting and finance, economics, statistics, and research methods courses to college students and government officials outside of academia. She is the co‑author (with Natalia Ermasova) of Municipal Fiscal Stress, Bankruptcies, and Other Financial Emergencies (Routledge, 2023). She is active with the Association for Budgeting and Financial Management (ABFM), serving on the Executive Board and on several other ABFM committees.
