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1 2013 ABFM CONFERENCE SCHEDULE THURSDAY, OCTOBER 3rd 7:30 AM – 5:00 PM Registration…...............

Registration Desk, Dupont Foyer, Second Floor 7:30 AM – 9:00 AM Continental Breakfast..................................Dupont Foyer, Second Floor 8:30 AM – 10:00 AM CONCURRENT SESSIONS A

1. State Budgeting and Fiscal Sustainability................................................Georgetown II Chair/Discussant: Boris Morozov, Louisiana State University Baselines and State Budget Growth Carolyn Bourdeaux, Georgia State University Laura McGuffey, Georgia State University The Impact of Agency Mission on Agency Budget Strategy in State Governments Changhwan Mo, Korea Transport Institute Jonathan Justice, University of Delaware Separate or Unified Budgets: The Case of Georgia Il Hwan Chung, Baruch College, City University of New York Phuong Nguyen-Hoang, University of Iowa Fiscal Sustainability in the American States: Learning from the Past, Understanding the Future Marilyn Marks Rubin, John Jay College, City University of New York ZBB Redux in Georgia Thomas P. Lauth, The University of Georgia 2. Health and Welfare Spending……………………………….……......................Salon F Chair: Beverly Bunch, University of Illinois-Springfield Analysis of the Changing Landscape of Revenues for Anti-Poverty Agencies Beverly Bunch, University of Illinois, Springfield Food Safety Policy and Resource Constraints: The Diffusion of Regulation Jocelyn M. Johnston, American University Rebecca Yurman, American University

2 Demographic Change and Public Expenditure: The Crowding-In Effects Of Population Aging On Social Welfare Expenditure for the Elderly in Japan: 1980-2010 Yimin Chang, University of Kentucky 3. Paying for Education: The Determinants of the Allocation of Resources to K-12 Schools and Post-Secondary Institutions.............................................................Salon G Chair / Discussant: Eugenia F. Toma, University of Kentucky Ethnic Homogeneity, Group Antagonism, and State Financial Support for Higher Education John Foster, Southern Illinois University, Edwardsville Jacob Fowles, University of Kansas Identifying Policy Motivations of Performance Funding Adoption in Higher Education Douglas Carr, Oakland University Roger Larocca, Oakland University Charter School Capital Finance: An Examination of Charter School Bond Issuance and Interest Costs Peter Jones, University of Kentucky Tax-Based Aid Expansion, College Enrollment, and College Choice Tatyana Guzman, Cleveland State University Haeil Jung, Indiana University Maureen Pirog, Indiana University 4. Changes in Property Tax Law and Tax Delinquencies….................................Salon H Chair: Sunjoo Kwak, University of Alabama at Birmingham Discussant: Bo Zhao Property Tax Limitations and Residential Mobility: The Impact of Florida Amendment One Rui Sun, California State University, Dominguez Hills An Analysis of the Interaction of Public and Private Investment on Tax Increment Financing Bob Bland, University of North Texas & LBJ School, University of Texas at Austin Michael Overton, University of North Texas Learning from Oregon’s Idiosyncratic Assessment Practices about Property Tax Administration in General Marija Andelkovic Pesic, University of Nis Fred Thompson, Willamette University

3 Robert Walker, Willamette University Property Tax Delinquencies and Local Revenue Volatility During the Great Recession Olha Krupa, Seattle University 5. Transit Planning and Finance Issues............................................Meeting Room 3017 Chair: Zhirong (Jerry) Zhao, University of Minnesota Discussant: Michael Brogan, Rider University Environmental Sustainability of Light Rail Transit in Urban Areas Hazel Marie A. Sarmiento, University of North Carolina at Charlotte Revolving Loan Systems for Transportation Projects: The Ohio State Infrastructure Bank (SIB) Program Jay Eungha Ryu, Ohio University Paying for Roads and Transit: Examining Citizen Perceptions of Different Financing Options Juita-Elena (Wie) Yusuf, Old Dominion University Lenahan O’Connell & Kaitrin Mahar A National Survey of Transit Agencies: Fiscal Climate Effects Suzanne Leland, University of North Carolina at Charlotte Olga Smirnova, East Carolina University 10:00 AM – 10:15 AM 10:15 AM – 11:45 AM REFRESHMENT BREAK.............Dupont Foyer, Second Floor CONCURRENT SESSIONS B

1. Pushed to the Brink: Managing Through City Fiscal Crises..................Georgetown II Chair: Paul Posner Maryland: Assumption of Local Responsibilities John W. Rohrer, Maryland Department of Legislative Services All In or Hands Off: the State Role in Local Fiscal Crises Frank Shafroth, George Mason University Rhode Island: Strong State Intervention in Distressed Communities John Simmons, Rhode Island Public Expenditure Council Presentation title to be determined David Y. Miller, University of Pittsburgh Illinois: No State Intervention

4 Sarah Wetmore, Illinois Civic Federation 2. International Budgetary Issues……………………………………......................Salon F Chair: Linda Janet Porras-Mendoza Controlling the EMU's Budgetary Free Riders: Repairing the European Commission's Fiscal Monitoring Capacity James Savage, University of Virginia Sovereign Wealth Funds in OECD Countries John B Gilmour, College of William & Mary The Effects of Financial Crisis under Keynesian Theory in OECD Countries Ju-Ying Yang, University of Illinois at Chicago City's Budget, A look at the City Council of Nairobi Obuya Bagaka, Kenya Institute of Administration Clarence Otieno, Kenyan Government 3. Cutback Management and the Recession……………………….....................Salon G Chair: Thomas P. Lauth, The University of Georgia Discussant: An Examination of the Economic Downturn: Changes in State Expenditures and Lessons Learned Brian Sigritz, National Association of State Budget Officers (NASBO) Michael Streepey, National Association of State Budget Officers (NASBO) The Public Financing of America’s Largest Cities: An Autopsy of City Financial Records in the Wake of the Great Recession Craig L. Johnson, Indiana University Co-authors: Wenli Yan & Justin Ross, Indiana University Cutback Management and Incrementalism in Large American Cities, 1964 to 2006 Jae Young Lim, University of Georgia at Athens Federal Budgeting for Short-Term Fiscal Uncertainty Marvin Phaup, George Washington University Imtiaz Bhatti, George Washington University State and Local Earmarks: Counterparts of Congressional Earmarks? Yonghong Wu, University of Illinois at Chicago Daniel W. Williams, Baruch College-City University of New York 4. The Recession and Property Taxes……………………………….....................Salon H

5 Chair: Craig Maher, Northern Illinois University Discussant: Rui Sun, California State University, Dominguez Hills Structural / Institutional Determinants of Variations in Household Property Tax Burdens and Effective Tax Rates Within and Across Local Governments: The Effect of the Great Recession and Beyond John L. Mikesell, Indiana University Daniel R. Mullins, American University What Happens to Assessment Limits when Property Values Decline? Catherine F. Collins, George Washington Institute of Public Policy House Prices and Property Tax Revenues: Evidence from Small-Area Estimates Christopher B. Goodman, Rutgers, The State University of New Jersey 5. Public and Private Sector Pensions…………………….................Meeting Room 3017 Chair: Carol Ebdon, University of Nebraska at Omaha Market Volatility and Risk-Taking Behavior: A Comparative Study of Public and Private Sector Defined Benefit Pension Plans Odd Stalebrink, Penn State University Vicky Kiosse, University of Exeter The Pension Benefit Guarantee Corporation: Public Funds for Private Pensions Karen Kunz, West Virginia University Does Public Pension Underfunding Lead to Riskier Asset Allocation? Daniel L. Smith, New York University Determinants of Public Pension Fund Investment Performance Jun Peng, University of Arizona Qiushi Wang, Rutgers University- Newark The Role of Economic, Fiscal, and Financial Shocks in the Evolution of Public Sector Pension Funding Robert K. Triest, Federal Reserve Bank of Boston Bo Zhao, Federal Reserve Bank of Boston 12:00 PM – 1:15 PM POSTER SESSION..................................................Dupont Foyer Session Judges: Wie Yusuf, Old Dominion University; Boris Morozov, Louisiana State University; and Whitney Afonso, University of North Carolina POSTER LISTINGS

6 Tax-Expenditure Limitations and Infrastructure Finance in U.S. Local Government Agustin P. Leon-Moreta, Florida State University Duct Taped Spreadsheets: How Practitioners Really Do Budget & Financial Analysis Kenneth Hunter, City of Rocky Mount, North Carolina The Differences in State Funding Assistance to School Districts in States that Imposed Binding School District Tax and Expenditure Limitations (TELs) Michael S. Hayes, American University Public Pension Plans Trends and Features 2000-2009 Rayna L. Stoycheva, University of Miami State EITCs and Impacts on Household Savings Levels Carletta F. Taylor Sims, Indiana University The Impact of a Split-Rate Property Tax on the Housing Market and Tax Revenue Stability, A Study of the Pennsylvania Experience Cheol Liu, Indiana University What is the Impact of State Funding and Accountability Policies on the Location of Charter Schools? Christian Buerger, Maxwell School of Syracuse University Effects of Intergovernmental Aid and Local Revenue Diversification on Pension Liability Funding Evgenia Gorina, Arizona State University / University of Texas at Dallas Does Fiscal Information Disclosure Matter? Costs of Competitive Bond Sales Junghack Kim, University of Nebraska at Omaha Revenue Strategies of US States under Conditions of Economic and Political Stress: Revenue Diversification 1980 to 2011 Seeun Ryu, Arizona State University Devolution of Budgeting Authority in Thailand Sirisak Laochankham, University of Missouri The Web of Performance Budgeting (PB) Evaluation: Effectiveness, Discretion, Accountability, and Transparency Yousueng Han, Indiana University- Bloomington Rise of the Municipal Securities in China: A Comparison of Municipal Bond Market in the United States and the People's Republic of China

7 Zihe Guo, University of Kentucky 1:30 PM – 3:00 PM CONCURRENT SESSIONS C

6. The Fiscal Policy Space of Cities...............................................................Georgetown II Chair: Michael A. Pagano Discussant: The Fiscal Policy Space: A Comprehensive Framework for City Fiscal Decision-making Michael A. Pagano, University of Illinois at Chicago Christopher Hoene, California Budget Project Yonghong Wu, University of Illinois at Chicago Locally Imposed Limits: The Rise of the New TEL Samuel Bassett, University of Illinois at Chicago Christopher Hoene, California Budget Project Effects of State-Imposed Constraints on Municipal Revenue: The Mediating Role of Alternative Revenue Sources Shu Wang, University of Illinois at Chicago Michael A. Pagano, University of Illinois at Chicago Testing the Links Between the Consideration and Adoption of Fiscal Policy Actions to the State Attribute and to the Local Attribute in “Fiscal Policy Space” of Cities Yu Shi, University of Illinois at Chicago Nisa Yazici Aydemir, University of Illinois at Chicago 7. Local Fiscal Policy and Budget Stabilization.......................................................Salon F Chair/Discussant: Agustin P. Leon-Moreta, Florida State University Tax Instruments and Local Government Budget Stability Yilin Hou, Syracuse University Jason Seligman, The Ohio State University Budget Stabilization in Municipalities: Evidence from Chicago Suburbs 1997 – 2011 Rebecca Hendrick, University of Illinois at Chicago Fiscal Slack and Local Expenditure Stabilization – West Coast Style Justin Marlowe, University of Washington Great Recession and Responses to the Crisis in North Carolina Counties Wen Wang, Indiana University-Purdue University Indianapolis

8 8. Adapt & Advance: Understanding the next steps in your public finance practitioner or academic career (Roundtable)…………………………………......................Salon G Chair: Kenneth Hunter, City of Rocky Mount, North Carolina Panel Participants: Frances Hunter, Nashville Metropolitan Transit Authority (Tennessee) Heather Pulitzer, Office of Management and Budget, City of New York Hyong Yi, Director, Office of Management and Budget Mecklenburg County, North Carolina Melissa Merrell, Congressional Budget Office, George Washington University, Past President, AABPA Sandra Beattie, U.S. Government Accountability Office 9. Empirical Evidence on Tax Policy Reforms........................................................Salon H Chair: Justin M. Ross, Indiana University Discussant: Whitney Afonso, University of North Carolina at Chapel Hill Tax Exemptions for Charitable Organizations: How Are They Capitalized into Residential Property Values? Deborah A. Carroll, University of Georgia Capital Input Taxes and Labor Employment: Empirical Evidence from the Retail Sales Taxation of Manufacturing Machinery and Equipment Justin M. Ross, Indiana University John L. Mikesell, Indiana University Conflicting Theories of Democratic Reform: Evidence from State E-Commerce Tax Reform Sarah Larson, Indiana University Behavioral Frameworks of Property Tax Determination Spencer T. Brien, Arizona State University 10. Dimensions of Public Pension Plan Management and Policy........Meeting Room 3017 Chair / Discussant: Justin Marlowe, University of Washington How Well Does the Risk-Free Rate Predict the Future Rate of Return on Investments? Implications for Public Defined-Benefit Pension Plans Kenneth A. Kriz, Wichita State University Gang Chen, University at Albany-State University of New York From Defined Benefit to Defined Contribution Plans for Public Employees: Results and Lessons from Michigan Michael Thom, University of Southern California The Public Pension Problem: A Case Study

9 Carol Ebdon, University of Nebraska at Omaha Paul Landow, University of Nebraska at Omaha A Simulation of Defined-Benefit Pension Plans: What Features are the Most Important? Gang Chen, University at Albany-State University of New York David Matkin, University at Albany-State University of New York The Credit Threat of Public Pension Funding on State Credit Ratings Yan Xiao, University of Nebraska at Omaha 3:00 PM – 3:15 PM REFRESHMENT BREAK.............Dupont Foyer, Second Floor

****************************************************************************** 3:15 PM – 4:45 PM PLENARY................................................West End Ballroom AB The Impact of the Sequestration on State Budgets Karen Kunz, West Virginia University Scott Pattison, NASBO ****************************************************************************** 5:00 PM – 7:00 PM RECEPTION......................................................Dupont Ballroom

6:30 PM -- 8:00 PM Public Financial Publications, Inc., Board Meeting.........Hollow Square -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10 FRIDAY, OCTOBER 4th 7:00 AM – 8:30 AM ABFM Executive Committee Meeting........................Conference Room 7:00 AM – 8:30 AM Using Budget Cases in Graduate Courses........................................TBD 7:30 AM – 4:30 PM Registration..................Registration Desk, Dupont Foyer, Second Floor 7:30 AM – 9:00 AM Continental Breakfast...............................Dupont Foyer, Second Floor 8:30 AM – 10:00 AM CONCURRENT SESSIONS D

1. Innovations in Nonprofit Budgeting…………………...........................Georgetown II Chair: Helisse Levine, Long Island University Discussant: Beverly Bunch, University of Illinois-Springfield Borrowing for Good: The Use of Tax-Exempt Debt by Public Charities Thad Calabrese, New York University Todd Ely, University of Colorado, Denver Through the Analyst’s Looking Glass: Nonprofit Influence on Budget Outcomes Sarah Beth Gehl, Georgia State University State of Nonprofit Finance Research: Problems or Opportunities? Alicia Schatteman, Northern Illinois University Tammy Waymire, Northern Illinois University “Crowding Out” or “Crowding In”? -- An Analysis of Private Contributions and Government Grants in Housing Nonprofits Janey Wang, San Francisco State University Jennifer Shea, San Francisco State University 2. GASB, Cost Accounting and Audits………………………...............................Salon G Chair: Michael S. Hayes, American University Local Managers Perceptions of Recent Changes to Governmental Financial Statements Craig S. Maher, Northern Illinois University Shannon Sohl, Northern Illinois University A Tale of Two Bases: The Different Stories Told By Government-Wide and Governmental Fund Financial Statements Dean Michael Mead, Governmental Accounting Standards Board & Rutgers, The State University of New Jersey

11 Improved Financial Reporting for Other Postemployment Benefits by State and Local Governments Kevin M. Bronner, University at Albany, The State University of New York A Decade of Single Audits: Differential Results from the Public Sector Tammy R. Waymire, Northern Illinois University Thomas Z. Webb, Mississippi State University Timothy D. West, Northern Illinois University How Pervasive are the Effects of Transaction Costs? Analyzing Cost Drivers in Cost Accounting Zachary Mohr, University of North Carolina-Charlotte 3. State Budget Priorities Following the Recession.................................................Salon G Chair / Discussant: Odd Stalebrink, Penn State University US Sub-national Governmental Response to the Financial Crisis: Implications for the “Equitable Distribution of the Costs and Benefits of Public Services” Blue Wooldridge, Virginia Commonwealth University Heidi Jane Smith, International Consultant After the Fall: Governors and State Budget Priorities following the Great Recession Katherine Willoughby, Georgia State University Price Tags or Guesstimates? Fiscal Notes in Illinois Nancy Hudspeth, University of Illinois, Chicago “It’s always something” Actions and Reactions to Budget Balancing in Maryland Warren Deschenaux, Maryland General Assembly David B. Juppe, Maryland General Assembly 4. State Income Taxes and Tax Credits……………………...................................Salon H Chair: Rui Sun Discussant: P. Cary Christian, Georgia Southern University The Effect of Connecticut’s Income Tax Adoption on Residency Decisions Whitney Afonso, University of North Carolina at Chapel Hill Cyclical Asymmetry of State Tax Rate Changes Sunjoo Kwak, University of Alabama at Birmingham Louisiana Tax Reform Proposal of 2013: Proposed Income Tax Repeal and Sales Tax Increase Analysis Boris Morozov, Louisiana State University

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Lights, Camera, Action: The Adoption of State Film Tax Credits David L. Sjoquist, Georgia State University Emefa Sewordor, Georgia State University

5. The Financial Management of Collaboration: Financial Management across Boundaries………………………………………….......................Meeting Room 3017 Chair / Discussant: Benedict S. Jimenez, Northeastern University Collaborative Financial Management Practices within the Department of Defense Col. Robert Nye, United States Army War College How Municipal Collaboration Reshapes the Budgeting Process: Further Evidence from Illinois Public Management Networks Kurt Thurmaier, Northern Illinois University David Mitchell, Northern Illinois University Interlocal Finance: Identifying the Transaction Costs of Cooperation Across Local Governments in Texas Simon Andrew, University of North Texas Jesseca E. Short, University of North Texas Establishing Theory for the Financial Management of Governance and Collaboration Zachary Mohr, University of North Carolina-Charlotte 10:00 AM – 10:15 AM REFRESHMENT BREAK.............Dupont Foyer, Second Floor

****************************************************************************** 10:15 AM – 11:45 AM PLENARY................................................West End Ballroom AB ACCA ****************************************************************************** 12:00 PM – 1:15 PM AWARDS LUNCHEON……......................West End Ballroom Sponsored by XXXXX PFP Jesse Burkhead Award: Best article published in Public Budgeting & Finance in 2012 Michael Curro Student Paper Award: Best written paper in a class or under faculty supervision

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S. Kenneth Howard Award: Lifetime achievements by a practitioner in the field of budgeting and financial management Aaron Wildavsky Award: Lifetime achievements in the field of budgeting and financial management ****************************************************************************** 1:30 PM – 3:00 PM CONCURRENT SESSIONS E

1. Transportation, Infrastructure Finance, and Public Utility.............Georgetown II Chair: Wie Yusuf, Old Dominion University Discussant: Charlotte Kirschner, The Ohio State University Fiscal Brownout: Potential Impacts of Enterprise Fund Regulation on Eastern North Carolina’s “Electricities” Kenneth Hunter, City of Rocky Mount, North Carolina The Politics of Energy Budgeting: Forecasting Severance Taxes amidst Economic Growth, Environmental Sustainability and Market Volatility in the US States Michael Brogan, Rider University Charles Tien, City University of New York-Hunter College Transportation Revenues and Expenditures in Kentucky: Measuring Historical Sufficiency and Defining Future Scenarios Bryan Gibson, Kentucky Transportation Center, University of Kentucky Co-Authors: Dwight Denison, Candice Wallace, Doug Kreis Banking on Infrastructure: Examining the Fiscal Effects of State Infrastructure Bank (SIB) Loans on Leveraging Local Transportation Investment Can Chen, University of Nebraska at Omaha From Value Increase to Value Capture: The Case of Maple Grove, Minnesota Zhirong (Jerry) Zhao, University of Minnesota 2. Forecasting Issues and Trends……………………………….........................Salon F Chair: Jane Beckett-Camarata, Penn State University-Harrisburg Revenue Forecasting Accuracy Daniel Williams, Baruch College Joseph Onochie, Baruch College An Examination of Revenue Forecasting in the 50 States

14 Donald Boyd, Rockefeller Institute of Government Forecasting Accuracy in Virginia James Conant, George Mason University Using IMPLAN to forecast the fiscal impact of changes John Wong, University of North Texas 3. Improving Child and Welfare Spending……………………........................Salon G Chair: Sarah Beth Gehl, Georgia State University Discussant: Katherine Willoughby, Georgia State University Identifying Child Care Subsidy Policy Precedents and Simulating Costs across States Beth Neary, University of Connecticut Why did State Leaders Change their Minds on the Health Care Law? Dan Wang, Arizona State University Health Care Spending and Health Outcomes Michelle Pfister, University of Missouri Charles E. Menifield, University of Missouri Race to the Bottom? Relative Benefits’ Impact on Welfare Expenditure Nakhyeok Choi, Florida International University 4. Winners and Losers in Sales Tax Collections………....................................Salon H Chair: Whitney Afonso, University of North Carolina at Chapel Hill Sales Tax Distribution in Urban and Rural Counties in North Carolina: Who Wins and Who Loses? Whitney Afonso, University of North Carolina at Chapel Hill A Typology of Sales Tax Evaders: Targeting Enforcement to Diverse Intentions P. Cary Christian, Georgia Southern University The Future of Online Sales Taxes Andrew Wesemann, University of Missouri Charles E. Menifield, University of Missouri Political Determinants of State Sales Tax Base Erosion Geoffrey Propheter, The George Washington University Confusion About General Consumption Taxation in American Tax Policy: Avoiding a National Value-Added Tax While Expanding Reliance on State Retail Sales Taxes

15 John L. Mikesell, Indiana University 5. Rainy Day and Fund Balances……………………………...Meeting Room 3017 Chair / Discussant: Thad Calabrese, New York University Do States Use Rainy Day Funds When it Pours? Disaster-Stabilization Funds in the Gulf Coast States Charlotte Kirschner, The Ohio State University Akheil Singla, The Ohio State University Unclaimed Property: An Untapped Revenue Source for States? Darrin Wilson¸ Florida Atlantic University Gao Liu, Florida Atlantic University The Interactive Effect of Fund Balance and Revenue Diversity on Local Government Fiscal Sustainability David Wachira, The World Bank A Spatial Analysis of Florida Local Governments’ Unreserved Fund Balance Hai (David) Guo, Florida International University Wen Wang, Indiana University-Purdue University Indianapolis 3:00 PM – 3:15 PM 3:15 PM – 4:45 PM

REFRESHMENT BREAK.............Dupont Foyer, Second Floor CONCURRENT SESSIONS F

6. Financing Primary and Secondary Education.........................................Georgetown II Chair / Discussant: Elizabeth S. Overman, University of Central Oklahoma Financial Implications of School Choice for Public School Systems James A. Richardson, Louisiana State University Roy L. Heidelberg, Louisiana State University Fiscal Decentralization, Administrative Decentralization, and Performance Gaps between Low-Income and Non-Low Income Students Abhisekh Ghosh Moulick, Texas A&M University Politics or Professionalism? Budgeting for Bilingual Education Carla M. Flink, Texas A&M University Angel Luis Molina, Jr., Texas A&M University Do the Dollars Add Up? The Missing Link between Capital Infrastructure Finance and School District Performance

16 Edward D. Vargas, University of New Mexico Tima Moldogaziev, University of South Carolina Institutional Arrangements for Public Library Funding and Spending JiHyung Park, University of Nebraska at Omaha Carol Ebdon, University of Nebraska at Omaha Aimee Franklin, University of Oklahoma 7. Forecasting Issues and Trends………………………………….........................Salon F Chair: Jane Beckett-Camarata, Penn State University-Harrisburg A “Dirty” Approach to Efficient Budget Forecasting Bruce McDonald, III, Indiana University South Bend State Revenue Forecasting Practices in the Commonwealth of Pennsylvania Jane Beckett-Camarata, Penn State University-Harrisburg The Value of Consensus Forecasting for Producing a Binding Revenue Baseline: An Indiana Case Study John L. Mikewell, Indiana University Justin Ross, Indiana University 8. Implications for TELS…………………............................................................Salon G Chair / Discussant: Rayna L. Stoycheva, University of Miami Tax-Expenditure Limitations and Local Government Reorganization in the United States Agustin P. Leon-Moreta, Florida State University Budgetary Constraints and Employee Turnover: The Case of Binding School District Tax and Expenditure Limitations (TELS) Michael S. Hayes, American University Spatial Implications of Tax and Expenditure Limitations Marvin Ward Jr., DC Office of Revenue Analysis 9. Innovations to Support Local Governments……………………......................Salon H Chair: Yilin Hou, Syracuse University Helpful Local Surtaxes? Florida and Disadvantaged Families Bruce McDonald, III, Indiana University South Bend D. Ryan Miller, Georgia Southern University Robert J. Eger, III, Naval Postgraduate School

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New Markets Tax Credit (NMTC) in Low-Income Communities: A Comparative Analysis of Economic Development Outcomes in Georgia and Illinois Deborah A. Carroll, University of Georgia Jekyung Lee, University of Georgia Determinants of Local Infrastructure Investment and its Impacts: Examining the Development of Georgia Ping Zhang, University of Georgia Yilin Hou, Syracuse University Capitalization of Education Quality in Property Value: An Empirical Study of Beijing Qiang Ren, Central University of Finance and Economics Yilin Hou, Syracuse University 10. Bankruptcy and Decentralization: Are They Really Connected?.........................................................................................Meeting Room 3017 Chair / Discussant: Alexandru V. Roman, California State University San Bernardino Emergency Financial Managers: Delegated Powers, Fiscal Efficacy and Rising Conflicts Michael Thom, University of Southern California Twyla Blackmond Larnell, Loyola University Bankruptcy Triggers and their Relation to Fiscal Solvency: An Examination of Local Governments in Illinois Rebecca M. Hendrick, University of Illinois at Chicago Andrew W. Crosby, University of Illinois at Chicago Does Taking Longer to Budget Lead to Better Fiscal Conditions? Elaine Yi Lu, City University of New York-John Jay College Blind, Broke, and Bedlam? Bankruptcy in Stockton, Vallejo, and San Bernardino Jim Comeaux, The Ohio State University Akheil Singla, The Ohio State University Charlotte Kirschner, The Ohio State University How Does Fiscal Decentralization Affect the Financial Condition of State and Municipal Governments? Samuel B. Stone, California State University, Fullerton

18 4:45 PM – 5:30 PM ABFM Annual Members' Meeting................................................Salon F 5:30 PM – 7:30 PM RECEPTION...................................................................Dupont Ballroom

19 SATURDAY, OCTOBER 5th 7:30 AM – 12:00 PM Registration...............Registration Desk, Dupont Foyer, Second Floor 7:30 AM – 9:00 AM Continental Breakfast.................................Dupont Foyer, Second Floor 8:30 AM – 10:00 AM CONCURRENT SESSIONS G

1. Efficiency and Effectiveness in Service Delivery......................................Georgetown II Chair: Donijo Robbins, Grand Valley State University Discussant: Kenneth Hunter, City of Rocky Mount, North Carolina Assessing Best Value Services and Alternative Service Delivery Options – Trends Christine Smith, Baker Tilly Does Service Consolidation Affect Municipal Spending: The Case of Wisconsin Municipalities Craig S. Maher, Northern Illinois University Katherine Piker, Northern Illinois University Factors Affecting Performance Budgeting: A Discriminant Analysis of Cost Effectiveness in Budgeting for Municipal Service Delivery Kenneth A. Klase, University of North Carolina at Greensboro Consolidation of Local Government Functions: Cost Savings and Policy Implications for the Local Public Service Provision Olha Krupa, Seattle University 2. The Assignment of Public Service Responsibilities: Examination of the Causes and Effects of Fiscal Decentralization, Outsourcing, and Local Debt Management…………………………………………………………………........Salon F Chair: Thad Calabrese, New York University Discussant: Jacob Fowles, University of Kansas Fiscal Centralization and State and Local Government Payrolls: Analysis with State and County Panel Data from 1977 to 2007 John Foster, Southern Illinois University Edwardsville Eugenia F. Toma, University of Kentucky Matthew Howell, Eastern Kentucky University Unobserved Heterogeneity and Bias in Tests of the Leviathan Hypothesis Carlos Lopes, Midway College Local Government Risk Assessment: The Effect of Government Type on Credit Rating Decisions

20 Robert A. Greer, University of Georgia Produce or Buy? An Analysis of Government Outsourcing Decisions from the Transaction Cost and Revenue Volatility Perspectives Zhiwei Zhang, University of Kentucky 3. Financial Risks and Investment Pools……………………………......................Salon G Chair: Kenneth A. Kriz, Wichita State University Discussant: Discussant: Rebecca M. Hendrick, University of Illinois at Chicago Analyzing Changes in Asset Concentrations of LGIPs Jeongwoo Kim, Sam Houston State University Managing Financial Risk in the Public Sector: Financial Wizard/Trail Blazer/Politician – the Role of the Public Sector Risk Manager Melissa Baur, Grant Thornton Molly Curl, Grant Thornton Investing Public Funds: Determinants of the Use of Local Government Investment Pools by Municipalities in Texas Robert Bland, University of North Texas and Visiting Professor, University of Texas at Austin Julius Nukpezah, University of North Texas Debts Designed for Governmental Contractual Obligations: Borrowing Costs of Certificate of Obligation in Texas Wei-Liang Lung, University of North Texas Simon Andrew, University of North Texas 4. Tax Fairness, Unemployment Trust Funds and Social Security Reform………………………………………………………………….................Salon H Chair: Andrew Wesemann, University of Missouri Unemployment Insurance Trust Fund Solvency: An Analysis of Balances and State Management Practices Bryan Gibson, University of Kentucky Are You Paying Your Fair Share? James M. Hurley, District of Columbia Office of Finance and Resource Management Behavioral Changes of Local Governments Under Fiscal Constraints: Colorado Case Jung-Joo Lee, Seoul Women’s University Fiscally & Morally Responsible Social Security (Oasi Payroll Tax) Reform

21 Brett Bergen, U.S. Navy 5. The Future of Higher Education………………….........................Meeting Room 3017 Chair: James A. Richardson, Louisiana State University Discussant: Michael S. Hayes, American University Costs Up/Revenues Down: Trends in Higher Education Finance Elizabeth S. Overman, University of Central Oklahoma University Financial Management: Can Public Universities Control Costs? Donijo Robbins, Grand Valley State University Mark Hoffman, Grand Valley State University Education of Budget Officers Edward Anthony Lehan, Independent Consultant Kinky Aid and Student Loans: Does Tax-Based Aid Affect Students' Debt? Tatyana Guzman, Cleveland State University 10:00 AM – 10:15 AM 10:15 AM – 11:45 AM REFRESHMENT BREAK.............Dupont Foyer, Second Floor CONCURRENT SESSIONS H

1. Roundtable: How Results Teams Allocate Resources in Baltimore’s Outcome Budgeting System........................................................................................Georgetown II Chairs: Andrew Kleine, City of Baltimore & Roy Meyers, University of Maryland-Baltimore County Panel Participants: Dan Sparaco, Assistant Deputy Chief of Operations, Mayor’s Office Michael Pokorny, Department of Housing and Community Development Beth Strommen, Sustainability Coordinator, Department of Planning 2. Using Transparency to Improve Budgetary Corruption……..........................Salon F Chair / Discussant: Michael Thom, University of Southern California The Impact of Public Officials’ Corruption on the Size and Allocation of U.S. State Spending Cheol Liu, Indiana University John L. Mikesell, Indiana University Fiscal Federalism Toward Corruption or Transparency-Empirical Evidence from the United States Jongmin Shon, University of Georgia Yoon Kyoung Cho, University of Georgia

22 Government, Money, and Fraud Sawsan A. Abutabanjeh, Old Dominion University Politics, Economics, and Cross-Continental Fiscal Transparency: What about it? Theodore Arapis, Villanova University Vincent Reitano, Villanova University 3. Capital Expenditures During Budgetary Shortfalls…....................................Salon G Chair: Charlotte Kirschner, The Ohio State University Unorthodox Capital Project Funding – Cash Angie Flick, Arizona State University, Management and Budget Supervisor with Maricopa County Estimating Net Resources in Capital Improvement Planning Gerald J. Miller, Arizona State University The Exploration of Adoption Administrative Innocations in Capital Budgeting at the State Level Natalia Ermasova, Governors State University Budgets the Comprehensive Management of the Industrial Cities Nedal Salman Al Hammad, Finance and Budgeting Department, Royal Commission at Yanbu, Kingdom of Saudi Arabia Dollars for Lives: The Effect of Capital Expenditures on Traffic Fatalities Ryan Yeung, State University of New York-Brockport Phuong Nguyen-Hoang, University of Iowa 4. State Budget Issues…………………………………………................................Salon H Chair / Discussant: Carolyn Bourdeaux, Georgia State University Is State Rebudgeting a Function of Balancing Revenue or Elasticity? Meagan M. Jordan, Old Dominion University Wenli Yan, Virginia Commonwealth University Making a Judgment of Accountability: Limitations to Analyzing Budgets & Structural Balance Utilizing State CAFR’s Melinda James Lopez, Auburn University State Debt Resource Constraints Robert A. Greer, University of Georgia Dwight Denison, University of Kentucky

23 Using Financial Ratios to Assess State Financial Condition: A Reliable Measure? Sarah Arnett, Government Accountability Office Speaking Truth to Power? Policy Advice in the Legislature John Bartle, University of Nebraska-Omaha 5. The Role of Pay for Success in Public Finance…….......................Meeting Room 3017 Chair: John Grossman, Third Sector Capital Partners Pay For Success and Social Innovation Financing: Role for Department of Budget and Financial Management John Grossman, Third Sector Capital Partners Presentation title to be determined Edward Dolan, Commissioner of the Department of Youth Services Presentation title to be determined Lili Elkins/Tom Mckenna, Roca Inc. 1:30 PM – 3:00 PM CONCURRENT SESSIONS I

1. Issues in Local Government.......................................................................Georgetown II Chair: John Foster¸ Southern Illinois University-Edwardsville Discussant: Multi-Year Fiscal Planning and Projections in Local Governments – Status and Impact Holly Sun, George Washington University Joseph Cordes, George Washington University Unraveling Fiscal Crisis: What Worked and What Didn’t for Local Governments? Milena I. Neshkova, Florida International University Hai (David) Guo, Florida International University The Budget Process in Selected Town Governments: A Survey and Overview with Implications for the Field Robert W. Smith, Kennesaw State University Institutions and Epistemic Communities: The Impact of City Managers on Fiscal Outcomes Skip Krueger, University of North Texas Robert W. Walker, Willamette University Abraham Benavides, University of North Texas

24 Kraiwuth Jaikampan, University of North Texas Assessing Other Postemployment Benefit Underfunding for Local Governments in Michigan Traci Taylor, Michigan State University Eric Scorsone, Michigan State University David Schweikhardt, Michigan State University 2. The Strategic Use of Public Bonds………………..............................................Salon F Chair: John Bartle, University of Nebraska-Omaha Does Public Infrastructure Health Affect State Bond Ratings? Evidence from a Panel Data Analysis Can Chen, University of Nebraska at Omaha Kenneth Kriz, University of Nebraska at Omaha The Design and Estimation of a Bi-National Bond to Finance Strategic Infrastructure along the U.S.-Mexico Border Harikumar Sankaran, New Mexico State University Violeta Díaz, New Mexico State University Salvador Espinosa, San Diego State University Assessing Municipal Bond Default Probabilities Matthew J. Holian, San Jose State University Marc Joffe, Public Sector Credit Solutions Bond Repayment Capacity in Developing Countries Salvador Espinosa, San Diego State University Christine Martell, University of Colorado Denver 3. Federalism and Devolution……………….……………………….....................Salon G Chair: Marvin Phaup, George Washington University Assessment of the Intergovernmental Grants in Latin American Sub-National Governments Linda Janet Porras-Mendoza, Georgia State University Persuading Legislators to Give Up their Power of the Purse: a FrancoAmerican Perspective on Contemporary Budgeting Alix Meyer, Sciences Po Lyon An Empirical Analysis of the Equalization Effects of Fiscal Transfers on County-Level Fiscal Disparities in Henan Province Li Hui, National University of Singapore

25 Desegregation, Fiscal Federalism, and the Effects on Intergenerational Income: A Comparative Consideration of Post-Apartheid South Africa and the Segregated American South Sherman A. Cooper, Georgia State University Overcoming Principal-Agent Goal Disparities between Congress and the Executive Using Inter-Governmental Transfers Stuart Kasdin, George Washington University Federica Iorio, George Washington University 4. Current Trends, Reform and Conundrums in Government Finance...............Salon H Chair: Daniel Williams, Baruch College Show Me the Money: Local Governments, Nonprofits and Property Tax Revenues Helisse Levine, Long Island University Local Government Bankruptcy: A Reevaluation Alexandru V. Roman, California State University, San Bernardino Capital Appreciation Bonds: California’s Latest School Financing Conundrum David Baker, California State University, San Bernardino Marc K. Fudge, California State University, San Bernardino The 2008 Fiscal Crisis and Administrative Reform in U. S. State Governments Hua Xu, Auburn University at Montgomery Jonathan Justice, University of Delaware 5. Performance Budgeting in Local Government: Why Implement?.........................................................................................Meeting Room 3017 Chair / Discussant: Benjamin Clark, Cleveland State University Assessing Spending Disparity and Its Causes in Local Public Road: Performance Measurement for Public Infrastructure Arwiphawee Srithongrung, University of Nebraska at Omaha Smart Cuts? Strategic planning, performance management and fiscal retrenchment in U.S. cities Benedict S. Jimenez, Northeastern University Is the Performance –Budget Link Illusive? ---A Case Study of Selected Governments Elaine Yi Lu, City University of New York-John Jay College Performance-Based Budgeting: What Motivates Municipalities to Adopt It? JiHyung Park, University of Nebraska at Omaha

26 Changsoo Song, University of Nebraska at Omaha Jooho Lee, University of Nebraska at Omaha 3:00 PM – 3:15 PM 3:15 PM – 4:45 PM REFRESHMENT BREAK.............Dupont Foyer, Second Floor CONCURRENT SESSIONS J

1. Municipal Bankruptcies: Cases, Trends, and “Bankruptcy Risk” Pricing....Salon F Chair: Tima T. Moldogaziev, University of South Carolina Federal Bankruptcy Petition of Stockton, California Ashley K. Ames, Indiana University & State of California Legislative Analyst’s Office Why Fears about Municipal Credit Are Overblown Daniel Bergstresser, Brandeis International Business School Randolph B. Cohen, MIT Sloan School of Management The Demise of Harrisburg, Pennsylvania Jane Beckett‐Camarata, Penn State University‐Harrisburg Not All Bankruptcies Are Created Equal: Empirical Assessment of the Role of "Bankruptcy Risk" in Credit Ratings and Yields Tima T. Moldogaziev, University of South Carolina Sharon N. Kioko, Syracuse University W. Bartley Hildreth, Georgia State University 2. Defense Spending During the Recession….........................................................Salon G Chair: Michael Brogan, Rider University An Effect of Continuing Resolutions: Evidence of Expense Shifting in U.S. Army Contract and Supply Spending Alexander Jacobs, University of Kentucky Budgetary Impact of Military Base Closing (or Removal from Base Closing Lists) on Neighboring Municipalities --Effects During the Great Recession and its Aftermath Andrew Glassberg, University of Missouri-St. Louis Emergent Complex Networks: The Financial Web of Defense Department Weapons Acquisition Programs M. Maureen Brown, University of North Carolina-Charlotte Robert S. Kravchuk, Indiana University 3. Budgeting Theory………………………………….............................................Salon H Chair / Discussant: Arwiphawee Srithongrung, University of Nebraska at Omaha

27

Federal R&D Expenditures: Testing the Punctuated Equilibrium Theory Benjamin Clark, Cleveland State University Uncovering the Impact of Strategic Choice in Public Finance: A Meta‐Analytic Approach Jacob Fowles, University of Kansas Alfred Ho, University of Kansas Tao Lang, University of Kansas Qingwang Guo, Remin University of China Predicting Punctuations: Exploring the Causes of Budgetary Change in Local Governments John Kovari, University of Wisconsin-La Crosse Mapping the Way Forward in Budgeting Theory Luke Fowler, Mississippi State University Robert W. Smith, Kennesaw State University

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