PublicFinance

Public Finance Journal is committed to the practice of diversity, equity, access, and inclusivity in soliciting, reviewing, and publishing public budgeting and finance scholarship. Read our statement here: publicfinance.org/index.php/pfj/…

"Administrative Discretion and Fiscal Slack Accumulation" by Peter Jones & Vincent Reitano finds that Texas school districts use overestimated budget expenditures to build discretionary financial reserves, particularly during economic crises. doi.org/10.59469/pfj.2…

"Does GAAP Compliance Matter to Municipal Bond Investors?" by Justin Marlowe finds that small municipalities that use cash-basis accounting rather than GAAP face higher borrowing costs, reduced investor interest, and declining activity in the bond market. doi.org/10.59469/pfj.2…

On behalf of Public Finance Journal, we are excited to announce the release of issue 3(1) of the journal! We will be highlighting the scholarship over the next few days! publicfinance.org/index.php/pfj/…

"Exploring Connections Between Financial Sophistication and Democratic Function in Local Governments" by Stephanie Leiser & Natalie Fitzpatrick finds a link between stronger democratic functioning and more complex financial practices in local governments. doi.org/10.59469/pfj.2…