This Handbook is a comprehensive anthology of up-to-date chapters contributed by current researchers in budget forecasting. Editors Daniel Williams and Thad Calabrese had previously found substantial deficiencies in public budgeting forecast literature with current research failing to address such matters as practices related to forecasting expenditure factors, the consequences of forecast bias, or empirical examination of the effectiveness of many deterministic methods actually used by many governments. This volume comprehensively addresses the state of knowledge about budget forecasting for practitioners, academics, and students and serves as a comprehensive resource for instruction alongside serving as a reference book for those engaged in budget forecasting practice.

Daniel Williams has been with Baruch College since 1995 where he teaches budgeting, performance measurement, and ethics. Prior, he was the budget director for the Virginia Department of Medical Assistance Services (Medicaid) for a decade where he was responsible for the Medicaid expenditure forecast. Williams has 18 academic publications related to forecasting ranging from methodology to empirical evaluation of forecasts and including two textbooks. Thad Calabrese is an Associate Professor of Public and Nonprofit Financial Management at New York University. He studies public and nonprofit financial management, broadly focusing on the management and governance of public and not-for-profit organizations, as well as the institutions that affect managerial decision-making in these entities. Prior to working in academia, Thad worked in the New York City Office of Management and Budget in the Tax Policy and Forecasting Unit where he forecast the property tax, its various components, and other related taxes.