Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out
Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

STABILIZATION FUND STRATEGIES IN MASSACHUSETTS: A SURVEY OF CHIEF FINANCIAL OFFICERS

VIEWS: 28 PAGES: 29

This article summarizes findings of a survey designed to obtain perceptions of municipal finance officers in Massachusetts regarding stabilization fund management strategies. Responses indicate that stabilization funds have become embedded components of municipal revenue management strategies, that municipalities are reluctant to tap stabilization fund balances, and that chief financial officers perceive these balances to be important to bond ratings. Some finance officers report active use of stabilization funds, generally because their communities either rely on the stabilization fund to finance capital projects or because they are currently vulnerable to revenue emergencies. A small number of communities report that they rely on voters to override statutory property tax levy limits, while maintaining stabilization fund balances above the statewide median. [PUBLICATION ABSTRACT]

More Info
  • pg 1
									J. OF PUBLIC BUDGETING, ACCOUNTING & FINANCIAL MANAGEMENT, 21 (4), 550-577   WINTER 2009




        STABILIZATION FUND STRATEGIES IN MASSACHUSETTS:
              A SURVEY OF CHIEF FINANCIAL OFFICERS
                  Douglas Snow and Gerasimos Gianakis*


ABSTRACT. This article summarizes findings of a survey designed to obtain
perceptions of municipal finance officers in Massachusetts regarding
stabilization fund management strategies. Responses indicate that
stabilization funds have become embedded components of municipal
revenue management strategies, that municipalities are reluctant to tap
stabilization fu
								
To top