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City and Regional Planning Program Course Descriptions |
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City and Regional Planning Program
College of Architecture Georgia Institute of Technology 245 4th St., Rm. 204 Atlanta, GA 30332-0155 Phone: 404.894.2350 Fax: 404.894.1628 Contact CRP Program |
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| CP6825 - Public Sector Finance and Budgeting
Goal The
goal of the class is to develop a working knowledge of public finance,
particularly at the local level, including the relationships between
finance policy and practice and more general public policy.
The course is specifically tailored for planning students, with all
elements related to strategic and/or comprehensive planning.
The product of the course is a planner, public or private, who can
use concepts of public finance as a powerful planning tool. In
this course there is a major component concerned with public finance
- revenue sources and types of expenditures - as a plan implementation
tool. For example, innovative forms of public/private capital
finance such as development impact fees, tax increment financing and
community improvement districts are included. Students preparing
for careers in either the public or private sector benefit from a
familiarity with techniques such as these as well as from all other
components of the course. The
major course exercises include preparation of a cost/benefit analysis
(done individually) and a team analysis and written presentation of
a (greatly simplified) capital improvement budget for the (greatly
simplified) City of Emanon. Components Major
components of the course are: C
The nature and need for public provision of good and services in a
market economy. C Application
of analytic techniques to public expenditure decision making including
cost/benefit analysis. C Exploration
of the concepts of “efficiency” and “effectiveness.” C
Types of public revenue concentrating on:
including
examination of the strengths, weaknesses, and appropriateness of each;
the relationship of each to planning and general public policies;
and the effect of revenue decisions at the Federal and state levels
to local revenue decisions. C
Different forms of local government - counties, municipalities, districts,
and authorities - including their roles in both local finance structures
and provision of goods and services. C
Debt financing including both general obligation and revenue
bonds, bond sizing, and debt security. •
Innovative
forms of capital finance including:
C
Budgeting systems commonly employed at the local level:
C
Mid- and long-term fiscal planning including fiscal planning
components of comprehensive and strategic plans C
Capital improvement programming and budgeting including
use of:
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