This revised and updated edition of Memos to the Governor is a concise and highly readable guidebook that explains in clear, understandable prose the technical, economic, and political dynamics of budget making. Updated with many new examples of budget quandaries from recent years, this book helps current and future public administrators untangle the knotty processes of budget preparation and implementation.

Authors Dall W. Forsythe and Donald J. Boyd outline the budgeting process through a series of memos from a budget director to a newly elected governor—a format that helps readers with little or no background understand complicated financial issues. They cover all of the steps of budget preparation, from strategy to execution, explaining technical vocabulary, and discussing key topics including baseline budgeting, revenue forecasting, and gap-closing options.

Forsythe and Boyd bring fresh insights into such issues as the importance of a multiyear strategic budget plan, the impact of the business cycle on state budgets, the tactical problems of getting budgets adopted by legislatures, and, of course, the relationship between governor and budget officer. Memos to the Governor is a painless, practical introduction to budget preparation for students of and practitioners in public administration and public-sector financial management.

Dall W. Forsythe is a senior fellow at the Wagner Graduate School of Public Service at New York University and is a member of the Municipal Securities Rulemaking Board. He has served as budget director for the State of New York and chief financial officer of the Atlantic Philanthropies. Donald J. Boyd is a senior fellow at the Nelson A. Rockefeller Institute of Government. He recently served as executive director of the Task Force on the State Budget Crisis, co-chaired by Richard Ravitch and Paul Volcker.

"Every governor should have this book at bedside. Budgeting is the spinal column of government. In eight crisp memos of interest to all citizens who care about state and local government, Forsythe and Boyd provide a rich in-depth primer on state budgeting."

Foreword to the Second Edition Governor Mario Cuomo

Preface Introduction

MEMO 1. You and Your Budget Officer

MEMO 2. Budget Strategy

MEMO 3. Preparing the Executive Budget—The Technical Underpinnings

MEMO 4. Choices in the Final Phase of Budget Preparation

MEMO 5. Budget Tactics: Laying the Groundwork for Adoption

MEMO 6. Going Public with the Budget

MEMO 7. The Legislative Phase of the Budget Process

MEMO 8. Budget Execution

A Final Word on Strategy and Tactics

Appendix: Budget Vocabulary

Index