MLD-410: State and Local Financial Policy

Semester: Spring

Credit: 4.0

Syllabus: Click here for syllabus

Faculty: Shelby Chodos


Day Time Location
Term Start Date 1/23
Meet Day F 1:00 PM - 4:00 PM Littauer Bldg 280 (HKS)


The course provides an introduction to issues of financial management in state and local government. The class explores three interrelated areas: (1) raising revenues - including the trade-offs associated with establishing a sustainable tax base; (2) raising capital by borrowing in the capital markets; and (3) investing funds - in the context of both cash management and funding pension systems. Specific topics include: state and local tax policy, transit finance, school finance, privatization, economic development, debt management, and infrastructure finance. This course is policy focused and is not a substitute for courses in corporate finance, project finance, or the capital markets. The course is not intended to be a theoretical treatment of public finance, but was instead designed for students who desire a practical overview of real world challenges at the state and local level.

John F. Kennedy School of Government 79 John F. Kennedy Street
Cambridge, MA 02138
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