The Sixth Edition of Public Budgeting in America explains budgetary theory and practice, with a linkage to financial management, at all levels of government in the U.S. It is designed as a primary text for students in public administration and policy, and also serves as an invaluable reference for scholars, practitioners and other readers interested in public budgeting and financial management. Each chapter begins with a budgeting scenario and an introduction of major topics, followed by detailed discussion of each topic, and concludes with a revisit of the opening scenario, a list of review questions, additional case exercises, and references, all of which are integral to the book. Readers are encouraged to apply what they learn in each chapter, analyze the cases, answer the review questions, and expand their research based on the references provided at the end of each chapter. In response to recent budgetary developments, the Sixth Edition has been extensively revised, with all-new coverage on: •changes in monetary and fiscal policies in the twenty-first century (Chapter 2); •recent performance management initiatives (Chapter 3); •federal budget deficits and policy changes under the Bush and Obama administrations (Chapter 3); •government revenue and expenditure forecasting (Chapter 5); •Comprehensive Annual Financial Reports (Chapter 7) -- completely rewritten in accordance with GASB changes;•Social Impact Bonds, a new type of debt instrument with an unusual approach to paying off bonds (Chapter 8); •challenges faced by government in funding public employee pensions (Chapter 10).Praise for Public Budgeting in America “This is a classic -- maybe the classic book on US budgeting. If I had to pick one book to give to a person wanting to know how budgeting works, it would be this one. Not only does it give practical guidance, it gives a rich context so the reader will really understand our system.” (John R. Bartle, Dean, College of Public Affairs and Community Service, University of Nebraska Omaha)“Public Budgeting in America provides an excellent introduction to the practice of budgeting.” (Daniel Williams, Baruch College, CUNY)“A thorough knowledge of budgeting is a sure path to advancement in the public and non-profit sectors. Lynch, Sun, and Smith provide students with an excellent foundation. Public Budgeting in America is easy to understand and provides useful real-world exercises.” (James Douglas, University of North Carolina at Charlotte)