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Throughout the United States, local governments are experiencing sustained and mounting financial difficulties. As fiscal pressures edge upward, cities find it
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City governments are going bankrupt. Even the ones that aren’t are often stuck in financial chaos. It is easy to blame pensions, poor leadership, or a bad eco
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Gone are the days when the raising and apportioning of municipal monies was a relatively simple task, when ample income could be expected to meet projected need
Financial Markets, Fiscal Constraints, and Municipal Debt
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The current paper explores the municipal debt crisis that resulted from the panic of 1873, which caused a significant number of local governments in the U.S. to
The Crisis in Municipal Finance
Language: en
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Authors: National Municipal League
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