Do state budget officials regularly underforecast revenue collections, and, if so, why?
Analysis of 336 forecast errors for the 50 states from fiscal year 1975 through fiscal year …

The recent rapid development of artificial intelligence (AI) is expected to transform how
governments work by enhancing the quality of decision-making. Despite rising expectations …

Accurate revenue prediction is a key factor for the reliable determination of the investment
part of entire regional and local budgets, particularly during economic downturns and fiscal …

Evidence for the fundamental presumption that municipal structure matters for government
performance is smaller and weaker than many might expect. This research contributes …

This article assesses revenue forecasting techniques that could be used by local
governments. This study is most interested in discerning the extent of use of the causal …

Budget forecasts are used by incumbent governments as a political tool to manage the
electorate's expectations of overall job performance, particularly during an election cycle …

This study examines forecast accuracy associated with the forecast of 55 revenue data
series of 18 local governments. The last 18 months (6 quarters; or 2 years) of the data are …

Two decades of research on municipal forecasting practice suggest that it is less advanced
than other sectors. Moreover, local forecasters have a greater error tolerance than peers …

Early in the pandemic, Florida municipal managers indicated that forecasting the impact on
local revenues was one of their top priorities in responding to the pandemic, yet such a tool …

Time series models such as the moving average, exponential smoothing, and Box-Jenkins
have not been widely employed by local government revenue forecasters. However, local …