Lee (Pennsylvania State U.), Johnson (RTI International), and Joyce (U. of Maryland) offer an updated survey of the current state of the art of budgeting among all levels of government in the US. Coverage includes an overall framework for budgeting, budget decisions, and budgeting systems; budget decision-making processes and the principal actors involved, from the initial steps of budget preparation through budget approval by legislative bodies; the execution, audit, and evaluation phases of budgeting; systems for making long-term investment decisions and financing long-term capital assets; and the financial interactions among levels of government in the US. The ninth edition features updated text, tables, and exhibits throughout, and additional materials on the recession that started in 2007, and the continuing human and budgeting impacts of terrorism and natural disasters. Annotation ©2013 Book News, Inc., Portland, OR (booknews.com)