Paper/Speech Details of Conference Program for the 21st NISPAcee Annual Conference Program Overview Public Finance and Public Financial Management Author(s) Lucie Sedmihradska University of Economics of Prague Praha Czech Republic Adam Čabla, University of Economics, Prague, Czech Republic Title Determinants of tax revenue forecasts accuracy in Czech municipalities File Paper files are available only for conference participants, please login first. Presenter Lucie Sedmihradska Abstract The paper explores factors influencing accuracy of tax revenue forecast in 198 municipalities of extended scope between 2003 and 2011 using the fixed-effects model analysis. The accuracy of municipal tax revenue forecasts is influenced not only by the national economic situation (especially GDP growth rate) but local economic and fiscal conditions have their importance as well. Tax revenue forecasts tend to be more optimistic in smaller municipalities and in municipalities with less favorable economic and fiscal conditions. Our results also suggest that municipal tax revenue forecasts are subject to political business cycle.