Question 1.

What is the sequence of budget review in the legislative process? Explain the role of committees, hearings, and fiscal notes in your answer.

Question 2.

Explain the line-item veto and discuss its advantages and disadvantages.

Question 3.

What are the most common forecasting methods used by local governments (see Texas study)? How do they vary with the revenue source? What could explain those choices? What political incentives influence the accuracy of forecasts?

Question 4.

Explain consensus forecasting and discuss its advantages and disadvantages. What are the main highlights about Florida’s consensus forecasting process?

• References
• Public Budgeting Systems (9th ed.)
  • Chapter 8: Budget Preparation: The Decision Process (pp. 233–272)
  • Chapter 9: Budget Approval: The Role of the Legislature (pp. 273–302)

https://learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos.prod/5a33ed4744755/1773508?X-Blackboard-Expiration=1612137600000&X-Blackboard-Signature=mfu50d8k2mQJMjypk%2FbK7G313LQE8dOzU0yx2d6HtcM%3D&X-Blackboard-Client-Id=100501&response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27Consensus%2520Forecasting%2520for%2520Budgeting%2520in%2520Theory%2520and%2520Practice.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20210131T180000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=AKIAYDKQORRYTKBSBE4S%2F20210131%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=0825755cfa698030d52471a13079ce973cf65f8dc88a9feab15ecdece396f1f1

https://learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos.prod/5a33ed4744755/1773509?X-Blackboard-Expiration=1612137600000&X-Blackboard-Signature=y20oLoOu0XoYo%2FvAc%2BfB%2FhVqEpAJ8vEpN%2BbMzp8zKIQ%3D&X-Blackboard-Client-Id=100501&response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27Evaluating%2520Revenue%2520Forecasting%2520in%2520City%2520Governments.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20210131T180000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=AKIAYDKQORRYTKBSBE4S%2F20210131%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=a2cdc558723bd89bb153e0db7a372ac04a0b1e4b6df3444b1845c56d0c35d716