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City Financial Emergencies

Author: United States. Advisory Commission on Intergovernmental Relations
Publisher:
ISBN:
Category : Deficit financing
Languages : en
Pages : 208

Book Description

City Financial Emergencies

Author: United States. Advisory Commission on Intergovernmental Relations
Publisher:
ISBN:
Category : Deficit financing
Languages : en
Pages : 208

Book Description

Municipal Fiscal Stress, Bankruptcies, and Other Financial Emergencies

Author: Tatyana Guzman
Publisher: Taylor & Francis
ISBN: 1000771504
Category : Political Science
Languages : en
Pages : 227

Book Description
It is difficult to find someone who has not heard about the Puerto Rico, Detroit, Michigan, or Orange County, California, bankruptcies. While guides for responsibly managing government finances exist, problems often originate not because of poor financial reporting or financial deficiencies but because issues external to financial wellbeing arise, such as economic, demographic, political, legal, or even environmental factors. Exacerbating the problem, there is not much advice in the existing literature on how to act when municipalities face financial struggles. Filling this important gap, this book explores fiscal health and fiscal hardships, municipal defaults and bankruptcies, and many other aspects to help guide local governments during fiscal distress. Fiscal hardships negatively affect the quality and availability of public goods and services and, consequently, the wellbeing of residents and businesses living and working in distressed municipalities. Turned off streetlights, unmaintained public parks, potholes, inconsistent garbage pickup, longer response time from emergency services, and multiple other issues that residents of the struggling municipalities deal with, lead to higher crime rates, lower quality of K-12 education, dangerous road conditions, lower housing values, outmigration of wealthier population, and numerous other problems. The COVID-19 pandemic put additional unprecedented pressure on municipal finances nationwide. In this book authors Tatyana Guzman and Natalia Ermasova evaluate distressed cities and municipalities and provide practical recommendations on improving their financial conditions. What are conditions and signs to look for to not to find yourself in similar situations? What can be done if your municipality is already experiencing fiscal hardships? What are the consequences of fiscal misfortunes? How does one exit a fiscal emergency? This book answers these and other questions and serves as a guide to fiscal health and prosperity for U.S. municipal governments, students and researchers in public finance, and general public management fields.

Bankruptcies, Defaults, and Other Local Government Financial Emergencies

Author:
Publisher:
ISBN:
Category : Default (Finance)
Languages : en
Pages : 78

Book Description

Federal Response to Financial Emergencies of Cities

Author: United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
Publisher:
ISBN:
Category : Federal-city relations
Languages : en
Pages : 184

Book Description

New York City's Fiscal Problem

Author: Robert Danton Reischauer
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 52

Book Description

Municipalities in Distress?

Author: James Spiotto
Publisher:
ISBN: 9780692624777
Category :
Languages : en
Pages :

Book Description
A 50 State Survey of: (1) Rights and Remedies Provided by States to Investors, (2) State Supervision and Oversight Mechanisms of Financially Distressed Local Governments and (3) State Authorization of Municipalities to File Chapter 9 Bankruptcy