An Empirical Examination of Revenue Forecasting Techniques in Local Governments

Christopher G. Reddick

Municipal Finance Journal, 2004, vol. 24, issue 4, 25 - 48

Abstract: This article empirically examines the effect of expert, trend, deterministic, and econometric forecasting on municipal governments in the United States. It is specifically concerned with discerning the extent of adoption and impact of causal-based techniques of deterministic and econometric forecasting using the dataset from the InternationalCity/County Management Revenue Estimation survey of finance and budget officers.The results indicate the most consistent support for municipal government’s use of deterministic and econometric forecasting techniques. Such issues as the forecaster’s being a budget officer and having training in public administration, the state of the economy, a council-manager form of government, and fiscal stress all had positive impacts on the use of trend forecasting. In addition, a forecaster’s having a graduate degree, training in public administration, and access to prior years of data, as well as city’s population growth and growth in personal income had a positive impact on the use of econometric forecasting.

Date: 2004
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1086/MFJ24040025 (application/pdf)
http://dx.doi.org/10.1086/MFJ24040025 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:munifj:doi:10.1086/mfj24040025

Access Statistics for this article

More articles in Municipal Finance Journal from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().