Financial Management Grades for the States: A Prospective Use |
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| Authors: | MARILYN MARKS RUBIN KATHERINE WILLOUGHBY |
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| Institution: | John Jay College of Criminal Justice of the City University of New York, 445 West 59th Street, New York, New York 10019;
Andrew Young School of Policy Studies of Georgia State University, P.O. Box 3992, Atlanta, Georgia 30302-3992 |
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| Abstract: | This research examines whether financial management grades awarded to the states by the Government Performance Project (GPP) can provide some prospective gauge of fiscal performance in proximate years, particularly on the downside of the business cycle. Our findings confirm the weaker fiscal condition in both 2002 and 2003 of states that received lower financial management grades from the GPP in 2001, suggesting that these grades have the potential to be prospective as well as retrospective. These results, however, are tempered by several concerns that inform our suggestions for additional research to further assess the prospective potential of financial management performance grades. |
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