Public Capital Budgeting and Finance
Annie Millar, "Selecting Capital Investment Projects for Local Governments,"
Public Budgeting & Finance (Autumn, 1988): 63-77.
Faced with burgeoning infrastructure needs and circumscribed capital
revenues, local governments must perforce set priorities among competing capital
projects submitted by their operating agencies. This process involves value choices
and political resolutions in addition to technical considerations. This article finds
current priority-setting procedures in need of improvement and suggests a
framework for local government assessment and selection of capital investment
Bunch, Beverly S. “Current Practices and Issues in Capital Budgeting and
Reporting,” Public Budgeting and Finance v16, n2 (Summer 1996): 7-25.
Budgeting and accounting professionals, as well as other interested parties,
are currently examining ways to improve governmental capital budgeting and
reporting. Although progress has been made, major policy issues are still being
analyzed and debated. This article provides an overview of current practices and the
major policy issues that are being addressed. The discussion incorporates related
ideas and observations made by Jesse Burkhead four decades ago. The author
concludes that many of Burkhead's insights in the area of capital budgeting and
reporting are still relevant and useful today.
Forrester, John P., “Municipal Capital Budgeting: An Examination,” Public
Budgeting and Finance v13, n2 (Summer 1993): 85-103.
Posner, Paul L. ; Lewis, Trina V. ; Laufe, Hannah, “Budgeting for Federal Capital,”
Public Budgeting and Finance v18, n3 (Fall 1998): 11-23.
This article examines the issues involved in federal investment budgeting and
planning for the acquisition of federally-owned assets. It describes the unique role of
the federal government and examines the different issues and reforms prompted by
differing types of capital and investment sponsored at the federal level. It suggests