Title

Measuring Financial Condition: A Study Of U.S. States

Abstract

This study tests a measure of financial condition using government-wide information as required under the new financial reporting model set forth in GASB Statement No. 34. The measure consists of four financial condition dimensions in cash, budget, long-run and service-level solvencies, and 11 financial condition indicators. Results show that the measure is relatively reliable and valid and that government-wide information reported under the requirements of GASB Statement No. 34 provides a useful reporting framework to evaluate financial condition of a government. Additionally, financial condition among states varies greatly and there is much room for improvement. © 2017 Wiley. All rights reserved.

Publication Date

1-1-2007

Publication Title

Public Budgeting and Finance

Volume

27

Issue

2

Number of Pages

1-21

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1111/j.1540-5850.2007.00872.x

Socpus ID

51249158753 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/51249158753

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