City responses to economic downturns 2003 to 2009: Statistical and textual analyses of comprehensive annual financial reports
This paper analyzes the impact of economic downturns on the revenue and expense sides of city financing for the period 2003 to 2009 using a convenience sample of the audited end of year financial reports for thirty midsized US cities. The analysis focuses on whether and how quickly and how extensive...
Gespeichert in:
| Veröffentlicht in: | Journal of public budgeting, accounting & financial management accounting & financial management, 2013, Vol.25 (3), p.425-445 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 445 |
|---|---|
| container_issue | 3 |
| container_start_page | 425 |
| container_title | Journal of public budgeting, accounting & financial management |
| container_volume | 25 |
| creator | Sacco, John F Busheé, Gerard R |
| description | This paper analyzes the impact of economic downturns on the revenue and expense sides of city financing for the period 2003 to 2009 using a convenience sample of the audited end of year financial reports for thirty midsized US cities. The analysis focuses on whether and how quickly and how extensively revenue and spending directions from past years are altered by recessions. A seven year series of Comprehensive Annual Financial Report (CAFR) data serves to explore whether citiesʼ revenues and spending, especially the traditional property tax and core functions such as public safety and infrastructure withstood the brief 2001 and the persistent 2007 recessions? The findings point to consumption (spending) over stability (revenue minus expense) for the recession of 2007, particularly in 2008 and 2009. |
| doi_str_mv | 10.1108/JPBAFM-25-03-2013-B002 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_1448016270</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>3115972461</sourcerecordid><originalsourceid>FETCH-LOGICAL-c398t-1f9182582e48374b98a4189657174f9da3375007fbbd18952bd63d7fe45099303</originalsourceid><addsrcrecordid>eNp1kVtLxDAQhYsouF7-ggR8jk5ubeLburheUBTU55C2KVZ2k5pk1X3wv5u6Pgk-zSFzzgzzpSiOCJwQAvL05uF8Or_DVGBgmAJh-ByAbhUTorjARBK-nTWoEjNWVrvFXoyvAKQUFZ8UX7M-rVGwcfAu2oiSR7bxzi_7BrX-w6VVcBFRADa2clVn6DGZ1MfUN2aBjGtRsp9p9aPNYj0O8R1q_HII9sW62L_b3HGjoeudcU2fVbCDDykeFDudWUR7-Fv3i-f5xdPsCt_eX17Ppre4YUomTDpFJBWSWi5ZxWslDSdS5QtIxTvVGsYqAVB1dd3md0HrtmRt1VkuQCkGbL843swdgn9b2Zj0q8-H5ZWacC4zDFqNrnLjaoKPMdhOD6FfmrDWBPSIWm9Qayo0MD2i1iPqHBSboF3aYBbtP7m_X8S-ASn7gWY</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1448016270</pqid></control><display><type>article</type><title>City responses to economic downturns 2003 to 2009: Statistical and textual analyses of comprehensive annual financial reports</title><source>PAIS Index</source><source>Standard: Emerald eJournal Premier Collection</source><creator>Sacco, John F ; Busheé, Gerard R</creator><creatorcontrib>Sacco, John F ; Busheé, Gerard R</creatorcontrib><description>This paper analyzes the impact of economic downturns on the revenue and expense sides of city financing for the period 2003 to 2009 using a convenience sample of the audited end of year financial reports for thirty midsized US cities. The analysis focuses on whether and how quickly and how extensively revenue and spending directions from past years are altered by recessions. A seven year series of Comprehensive Annual Financial Report (CAFR) data serves to explore whether citiesʼ revenues and spending, especially the traditional property tax and core functions such as public safety and infrastructure withstood the brief 2001 and the persistent 2007 recessions? The findings point to consumption (spending) over stability (revenue minus expense) for the recession of 2007, particularly in 2008 and 2009.</description><identifier>ISSN: 1096-3367</identifier><identifier>EISSN: 1945-1814</identifier><identifier>DOI: 10.1108/JPBAFM-25-03-2013-B002</identifier><language>eng</language><publisher>Boca Raton: Emerald Publishing Limited</publisher><subject>Budgeting ; Budgets ; Capital assets ; Cities ; Decision making ; Economic crisis ; Expenditures ; Financial reporting ; Infrastructure ; Management Discussion & Analysis ; Municipal accounting ; Municipal finance ; Property taxes ; Public safety ; Recessions ; Revenue ; Studies</subject><ispartof>Journal of public budgeting, accounting & financial management, 2013, Vol.25 (3), p.425-445</ispartof><rights>Copyright © 2013 by PrAcademics Press</rights><rights>Copyright PrAcademics Press, Florida Atlantic University Fall 2013</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c398t-1f9182582e48374b98a4189657174f9da3375007fbbd18952bd63d7fe45099303</citedby><cites>FETCH-LOGICAL-c398t-1f9182582e48374b98a4189657174f9da3375007fbbd18952bd63d7fe45099303</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.emerald.com/insight/content/doi/10.1108/JPBAFM-25-03-2013-B002/full/pdf$$EPDF$$P50$$Gemerald$$H</linktopdf><linktohtml>$$Uhttps://www.emerald.com/insight/content/doi/10.1108/JPBAFM-25-03-2013-B002/full/html$$EHTML$$P50$$Gemerald$$H</linktohtml><link.rule.ids>314,780,784,4024,21695,27866,27923,27924,27925,53244,53372</link.rule.ids></links><search><creatorcontrib>Sacco, John F</creatorcontrib><creatorcontrib>Busheé, Gerard R</creatorcontrib><title>City responses to economic downturns 2003 to 2009: Statistical and textual analyses of comprehensive annual financial reports</title><title>Journal of public budgeting, accounting & financial management</title><description>This paper analyzes the impact of economic downturns on the revenue and expense sides of city financing for the period 2003 to 2009 using a convenience sample of the audited end of year financial reports for thirty midsized US cities. The analysis focuses on whether and how quickly and how extensively revenue and spending directions from past years are altered by recessions. A seven year series of Comprehensive Annual Financial Report (CAFR) data serves to explore whether citiesʼ revenues and spending, especially the traditional property tax and core functions such as public safety and infrastructure withstood the brief 2001 and the persistent 2007 recessions? The findings point to consumption (spending) over stability (revenue minus expense) for the recession of 2007, particularly in 2008 and 2009.</description><subject>Budgeting</subject><subject>Budgets</subject><subject>Capital assets</subject><subject>Cities</subject><subject>Decision making</subject><subject>Economic crisis</subject><subject>Expenditures</subject><subject>Financial reporting</subject><subject>Infrastructure</subject><subject>Management Discussion & Analysis</subject><subject>Municipal accounting</subject><subject>Municipal finance</subject><subject>Property taxes</subject><subject>Public safety</subject><subject>Recessions</subject><subject>Revenue</subject><subject>Studies</subject><issn>1096-3367</issn><issn>1945-1814</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNp1kVtLxDAQhYsouF7-ggR8jk5ubeLburheUBTU55C2KVZ2k5pk1X3wv5u6Pgk-zSFzzgzzpSiOCJwQAvL05uF8Or_DVGBgmAJh-ByAbhUTorjARBK-nTWoEjNWVrvFXoyvAKQUFZ8UX7M-rVGwcfAu2oiSR7bxzi_7BrX-w6VVcBFRADa2clVn6DGZ1MfUN2aBjGtRsp9p9aPNYj0O8R1q_HII9sW62L_b3HGjoeudcU2fVbCDDykeFDudWUR7-Fv3i-f5xdPsCt_eX17Ppre4YUomTDpFJBWSWi5ZxWslDSdS5QtIxTvVGsYqAVB1dd3md0HrtmRt1VkuQCkGbL843swdgn9b2Zj0q8-H5ZWacC4zDFqNrnLjaoKPMdhOD6FfmrDWBPSIWm9Qayo0MD2i1iPqHBSboF3aYBbtP7m_X8S-ASn7gWY</recordid><startdate>2013</startdate><enddate>2013</enddate><creator>Sacco, John F</creator><creator>Busheé, Gerard R</creator><general>Emerald Publishing Limited</general><general>Emerald Group Publishing Limited</general><scope>AAYXX</scope><scope>CITATION</scope><scope>0U~</scope><scope>1-H</scope><scope>4S-</scope><scope>4T-</scope><scope>4U-</scope><scope>7TQ</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X1</scope><scope>7XB</scope><scope>8AO</scope><scope>8FI</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>AXJJW</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DHY</scope><scope>DON</scope><scope>DWQXO</scope><scope>FYUFA</scope><scope>F~G</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>M0Q</scope><scope>M0T</scope><scope>M1F</scope><scope>PQBIZ</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>2013</creationdate><title>City responses to economic downturns 2003 to 2009: Statistical and textual analyses of comprehensive annual financial reports</title><author>Sacco, John F ; Busheé, Gerard R</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c398t-1f9182582e48374b98a4189657174f9da3375007fbbd18952bd63d7fe45099303</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><topic>Budgeting</topic><topic>Budgets</topic><topic>Capital assets</topic><topic>Cities</topic><topic>Decision making</topic><topic>Economic crisis</topic><topic>Expenditures</topic><topic>Financial reporting</topic><topic>Infrastructure</topic><topic>Management Discussion & Analysis</topic><topic>Municipal accounting</topic><topic>Municipal finance</topic><topic>Property taxes</topic><topic>Public safety</topic><topic>Recessions</topic><topic>Revenue</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Sacco, John F</creatorcontrib><creatorcontrib>Busheé, Gerard R</creatorcontrib><collection>CrossRef</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>BPIR.com Limited</collection><collection>Docstoc</collection><collection>University Readers</collection><collection>PAIS Index</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Accounting & Tax Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ProQuest Pharma Collection</collection><collection>Hospital Premium Collection</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>Asian & European Business Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ProQuest Central Korea</collection><collection>Health Research Premium Collection</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>European Business Database</collection><collection>Healthcare Administration Database</collection><collection>Banking Information Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Journal of public budgeting, accounting & financial management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Sacco, John F</au><au>Busheé, Gerard R</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>City responses to economic downturns 2003 to 2009: Statistical and textual analyses of comprehensive annual financial reports</atitle><jtitle>Journal of public budgeting, accounting & financial management</jtitle><date>2013</date><risdate>2013</risdate><volume>25</volume><issue>3</issue><spage>425</spage><epage>445</epage><pages>425-445</pages><issn>1096-3367</issn><eissn>1945-1814</eissn><abstract>This paper analyzes the impact of economic downturns on the revenue and expense sides of city financing for the period 2003 to 2009 using a convenience sample of the audited end of year financial reports for thirty midsized US cities. The analysis focuses on whether and how quickly and how extensively revenue and spending directions from past years are altered by recessions. A seven year series of Comprehensive Annual Financial Report (CAFR) data serves to explore whether citiesʼ revenues and spending, especially the traditional property tax and core functions such as public safety and infrastructure withstood the brief 2001 and the persistent 2007 recessions? The findings point to consumption (spending) over stability (revenue minus expense) for the recession of 2007, particularly in 2008 and 2009.</abstract><cop>Boca Raton</cop><pub>Emerald Publishing Limited</pub><doi>10.1108/JPBAFM-25-03-2013-B002</doi><tpages>21</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1096-3367 |
| ispartof | Journal of public budgeting, accounting & financial management, 2013, Vol.25 (3), p.425-445 |
| issn | 1096-3367 1945-1814 |
| language | eng |
| recordid | cdi_proquest_journals_1448016270 |
| source | PAIS Index; Standard: Emerald eJournal Premier Collection |
| subjects | Budgeting Budgets Capital assets Cities Decision making Economic crisis Expenditures Financial reporting Infrastructure Management Discussion & Analysis Municipal accounting Municipal finance Property taxes Public safety Recessions Revenue Studies |
| title | City responses to economic downturns 2003 to 2009: Statistical and textual analyses of comprehensive annual financial reports |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-22T10%3A26%3A42IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=City%20responses%20to%20economic%20downturns%202003%20to%202009:%20Statistical%20and%20textual%20analyses%20of%20comprehensive%20annual%20financial%20reports&rft.jtitle=Journal%20of%20public%20budgeting,%20accounting%20&%20financial%20management&rft.au=Sacco,%20John%20F&rft.date=2013&rft.volume=25&rft.issue=3&rft.spage=425&rft.epage=445&rft.pages=425-445&rft.issn=1096-3367&rft.eissn=1945-1814&rft_id=info:doi/10.1108/JPBAFM-25-03-2013-B002&rft_dat=%3Cproquest_cross%3E3115972461%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1448016270&rft_id=info:pmid/&rfr_iscdi=true |