Introduction: Fundamental principles of public finance Market failure and the functions of government Privatization Building socialdecisions from private preferences Politics, representation, and government finanace The layers of government Part one: Budgeting, budget structures, and budget reform Chapter 1: The logic of the budget process The size and growth of government expenditure Budget process and logic The budget cycle Governmental accounting and financial reporting Budgets and political strategies Chapter 2: Budget structures and institutions: federal ans state-local The federal budget State and local budgets Chapter 3: Budget methods and practices Preparation of agency budget requests Review of budgets The executive budget: the plan and the balancing Managing budget execution Audit and evaluation Chapter 4: Budget classifications and reform Alternative budget classifications and provision of government services Performance budgets Program budgets An illustration of an expenditure in alternative classifications A different budget logic: zero-based budgets Restructuring the logic of governments: new performance budgeting Chapter 5: Capital budgeting, public infrastructure, and project evaluation Why have a capital budget? A capital-budgeting process Problems in capital budgeting Accounting for time: discounting and compounding Cost-benefit analysis Part two: Revenue sources, structure,and administration Taxation in the United States: a short overview of the systems Standards for tax policy Taxes and externalities Chapter 7: Major tax structures: income taxes Some background The argument about taxing income Individual income taxation Corporation income taxation Payroll taxation Chapter 8: Major tax structures: taxes on goods and services Selective excise taxation General taxes on goods and services: retail sales and value-added taxes Value-added taxes Chapter 9: Major tax structures: property taxes The arithmetic of rates, levies, and assessed value Assessment of the base Property tax relief Problems of the property tax Chapter 10: Revenue from user fees, user charges, and sales by public monopolies User fees and licenses User charges Public monopoly revenue: utilities, liquor stores, and gambling enterprises Chapter 11: Collecting taxes Why do people and business pay the tax they owe? Taxpayer active or taxpayer passive? The core functions of tax collection The administrative structure Chapter 12: Revenue forecasting, revenue estimating, and tax expenditure budgets Revenue forecast (or baseline) Revenue estimating Tax-expenditure budgets Chapter 13: Intergovernmental fiscal relations: diversity and coordination Correspondence and subsidiary What about economic advantage from bigness? Fiscal disparity Coordination and assistance: tax systems Coordination and assistance: grants States and school aid Coordination assistance: mandates Part three: Administering debt, working capital, and pension funds Chapter 14: Debt administration Federal debt State and local government (municipal) debt Chapter 15: Managing funds: working capital and employee retirement Cash management and working capital Managing public employee retirements funds