1. The author discussed the "Bridge to Nowhere" in Fiscal Administration, Chapter 7. Why would the State of Alaska be interested in building the bridge when the total costs of the bridge exceeds the present benefits? From the standpoint of Alaska, what are the relevant costs and benefits?

2. Some states allow municipalities to file for bankruptcy protection while others do not. What are the pros and cons of a city in financial trouble to try this

3. The author discussed one way to resolve a dilemma is to "think outside the box." How should we apply this to public budgeting?

4. Discuss the relationship between risk control and insurance. What factors should analysts consider when deciding how much risk government should retain?