Author(s):
Dr. Sungho Park (University of Alabama), et al.
Journal Title:
Public Budgeting & Finance
Abstract:
Recent fiscal condition literature has been attentive to the consistency between subjective measures of local fiscal condition based on public officials’ perceptions and their objective counterparts measured using financial data. Studies have found little evidence of a relationship between them, leading scholars to speculate flaws in measurement or intentional lack of association. This study reevaluates the issue by investigating intervening explanations for the absence of connection. Analyzing survey and audited financial data from 185 municipalities across 31 states, we identify various individual and organizational attributes that help clarify the association between the two types of fiscal condition measures.