Funding the future : financial sustainability and infrastructure finance in Australian local government
著者
書誌事項
Funding the future : financial sustainability and infrastructure finance in Australian local government
Federation Press, 2013
- : pbk.
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注記
Includes bibliographical references (pages 256-269) and index
内容説明・目次
内容説明
For the past several decades, Australian local government has faced relentless financial pressures. In attempting to maintain service levels, most local authorities have invested too little in local infrastructure maintenance and renewal. The main symptom of this malaise has been a burgeoning infrastructure backlog, which now far exceeds the fiscal capacity of a majority of councils. Various remedial policy measures have been espoused to relieve this financial distress, most notably structural reform programs based on forced mergers. However, compulsory consolidation has failed to achieve its intended aims, and financial unsustainability has become more acute. Obviously other avenues must now be pursued if Australian local government is to remain viable.
目次
Part A: Australian Fiscal Federalism and Australian Local Government Australian Fiscal Federalism Introduction The Australian federal system of government Public finance Vertical fiscal imbalance Horizontal fiscal equalisation Concluding remarks
Australian Local Government Finance Introduction Local government expenditure Local government revenue Financial Assistance Grants Concluding remarks
Part B: Financial Sustainability and Australian Local Government
Public Perspectives on Financial Sustainability Introduction Financial reform and financial sustainability Policy and practice implications for financial sustainability Holistic Sustainability in Australian Local Government Introduction Meaning of sustainability Tensions between local government democracy and local government efficiency Academic approaches to sustainability in local government
Local government failure Holistic sustainability in local government Concluding remarks
Part C: Financing Australian Local Government Infrastructure
Australian Local Government Finance Introduction Commonwealth infrastructure funding of local government Concluding remarks Commonwealth Government Infrastructure Fund Introduction Roads to Recovery and the nation building economic stimulus plan The case for a Commonwealth asset fund Evaluation
Concluding remarks Municipal Bond Markets
Introduction Local infrastructure renewal in New South Wales US municipal infrastructure finance Rationale for asset-backed securities Asset-backed securities by local water utilities Concluding remarks An Australian Local Government Bond Bank Introduction Municipal banking
Municipal bond banks Case studies Concluding remarks
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