The volume of new municipal bond issues has increased dramatically
over the past thirty years. This new book by Alan Steiss provides
an essential and comprehensive guide to the various new fiduciary
and fiscal instruments used in the capital budgeting and finance
process in the public sector. Steiss convincingly argues that
capital budgeting and debt administration, when pursued from a
strategic planning perspective as opposed to the more conventional
cost-based framework, provides a forward-looking alternative based
on a jurisdiction's needs, its resource base, and growth potential.
Strategic Facilities Planning illustrates how the allocation of
fiscal resources to acquire or construct and maintain strategic
facilities can serve as a primary instrument for the effectuation
of long-range public policy objectives. This book will serve as an
important reference or course text for students and a guide for
practitioners in public and business administration and urban
planning.
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