The Municipal Financial Crisis

Author : Mark Moses
Publisher : Springer Nature
Page : 175 pages
File Size : 47,9 Mb
Release : 2022-01-06
Category : Business & Economics
ISBN : 9783030878368

Get Book

The Municipal Financial Crisis by Mark Moses Pdf

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 economy. But the problems go much deeper. With decades of experience in local government, author Mark Moses showcases the inside world of the city decision-making process that has spawned these crises. It becomes clear: City governments are maxing out their budgets because they are trying to maximize services. This book, likely the most ambitious attempt by someone who has worked in government to radically examine the delivery of municipal services since 'Reinventing Government' was published more than 25 years ago, explores why city governments pursue an open-ended mission and why bailouts and trendy budgeting processes will be, at best, only temporary solutions. Of interest to current and future city council members, regional and state government officials, those covering city government, financial analysts, city management, and individuals and organizations interested in influencing city policy, this book argues that cities won’t thrive until city hall is disrupted.

Author : James H. Carr
Publisher : Routledge
Page : 460 pages
File Size : 54,8 Mb
Release : 1984
Category : Business & Economics
ISBN : UOM:39015006803228

Get Book

Crisis and Constraint in Municipal Finance by James H. Carr Pdf

Throughout the United States, local governments are experiencing sustained and mounting financial difficulties. As fiscal pressures edge upward, cities find it difficult to make ends meet. And while the most acute financial hardships are felt by older, declining industrial complexes, the need to reduce spending, cut services, improve productivity, and increase locally-raised revenues has been recognized by a steadily growing number of municipalities across the country.Local governments have entered an age of austerity wherein traditional notions of budgeting and service provision have been brought into question. Elected officials and financial managers have begun rethinking the manner in which scarce resources are allocated; they have also given significant attention to the ways in which revenues are generated. Carr argues that we are now in a post-industrial society, moving from urban centers to suburban and non-metropolitan jurisdictions. As a result, we are moving from an economy benefitting from prolonged periods of vigor and lower interest rates to an economy characterized by extended periods of recession.Crisis and Constraint in Municipal Finance identifies eight principal areas of concern to budget makers and municipal managers. Beginning with ways to identify fiscal performance, this volume reviews cutback practices, budgeting principles, revenue raising strategies, alternative public service delivery systems and economic development initiatives. Also reviewed are the changing roles of the federal and state governments in local financial matters, as well as the fiscal prospects for local government finances in the coming years. This is an important work that addresses concerns of the economy and should be read by urban planners and economic advisors.

Author : Craig L. Johnson,Tima M. Moldogaziev,Justin M. Ross
Publisher : Edward Elgar Publishing
Page : 519 pages
File Size : 51,5 Mb
Release : 2023-09-06
Category : Business & Economics
ISBN : 9781800372962

Get Book

Research Handbook on City and Municipal Finance by Craig L. Johnson,Tima M. Moldogaziev,Justin M. Ross Pdf

This timely Research Handbook explores the handling of city and municipal finances in the 21st century. It examines the impact of the Great Recession and COVID-19 pandemic on cities and municipalities, highlighting strengths, weaknesses, and avenues for future progress in city and municipal financial management.

Author : Joanna Richardson
Publisher : Policy Press
Page : 242 pages
File Size : 52,6 Mb
Release : 2011
Category : Business & Economics
ISBN : 9781847426994

Get Book

From Recession to Renewal by Joanna Richardson Pdf

From recession to renewal will be of interest to students, academics and practitioners working in a number of areas of local government. --Book Jacket.

Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
Page : 692 pages
File Size : 46,5 Mb
Release : 2011-05-01
Category : Political Science
ISBN : 9781616405410

Get Book

The Financial Crisis Inquiry Report by Financial Crisis Inquiry Commission Pdf

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Author : René Geissler,Gerhard Hammerschmid,Christian Raffer
Publisher : Springer Nature
Page : 354 pages
File Size : 55,5 Mb
Release : 2021-04-20
Category : Law
ISBN : 9783030674663

Get Book

Local Public Finance by René Geissler,Gerhard Hammerschmid,Christian Raffer Pdf

This book is based upon a comparative public administration research project, initiated by the Hertie School of Governance (Germany) and the Bertelsmann Foundation (Germany) and supported by a network of researchers from many EU countries. It analyzes both the regimes and the practices of local fiscal regulation in 21 European countries. The book brings together key findings of this research project. The regulatory discussion is not limited to the prominent issue of fiscal rules but focuses on every component of regulation. Beyond this, the book covers affiliated topics such as the impact of regulation for local governments, evolution of regulation, administrative costs and crisis prevention. The various book chapters throughout provide a broad picture of local public finance regulation in theory and in practice, using different theoretical and national lenses for the analysis. Furthermore, the authors investigate the effects of budgetary constraints and higher-level regulatory efforts on local governments and on democracy and public services in every European country. This book fills a gap with respect to the lack of discussion on local government finance from an international, comparative perspective and, in particular, the regulation of local public finance. With its mix of authors, this book will be useful for practitioners as well as for scholars and for theory-driven research.

Author : Naomi Enid Slack
Publisher : UN-HABITAT
Page : 90 pages
File Size : 43,5 Mb
Release : 2009
Category : Municipal finance
ISBN : 9789211321135

Get Book

Guide to Municipal Finance by Naomi Enid Slack Pdf

Author : Mona Serageldin
Publisher : Unknown
Page : 164 pages
File Size : 43,5 Mb
Release : 2008
Category : Political Science
ISBN : UIUC:30112096219404

Get Book

Municipal Financing and Urban Development by Mona Serageldin Pdf

Author : Andrew Kleine
Publisher : Rowman & Littlefield Publishers
Page : 279 pages
File Size : 55,9 Mb
Release : 2018
Category : Political Science
ISBN : 1538121875

Get Book

City on the Line by Andrew Kleine Pdf

City on the Line is about a revolution in public budgeting. It is the story of a hard luck city fighting through the Great Recession, a budget director trying to lead disruptive change, and a groundbreaking effort to link strategy, budget and data to get better results for residents.

Author : Kim Phillips-Fein
Publisher : Macmillan + ORM
Page : 302 pages
File Size : 52,9 Mb
Release : 2017-04-18
Category : History
ISBN : 9780805095265

Get Book

Fear City by Kim Phillips-Fein Pdf

PULITZER PRIZE FINALIST An epic, riveting history of New York City on the edge of disaster—and an anatomy of the austerity politics that continue to shape the world today When the news broke in 1975 that New York City was on the brink of fiscal collapse, few believed it was possible. How could the country’s largest metropolis fail? How could the capital of the financial world go bankrupt? Yet the city was indeed billions of dollars in the red, with no way to pay back its debts. Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was unworkable. The city had to slash services, freeze wages, and fire thousands of workers, they insisted, or financial apocalypse would ensue. In this vivid account, historian Kim Phillips-Fein tells the remarkable story of the crisis that engulfed the city. With unions and ordinary citizens refusing to accept retrenchment, the budget crunch became a struggle over the soul of New York, pitting fundamentally opposing visions of the city against each other. Drawing on never-before-used archival sources and interviews with key players in the crisis, Fear City shows how the brush with bankruptcy permanently transformed New York—and reshaped ideas about government across America. At once a sweeping history of some of the most tumultuous times in New York's past, a gripping narrative of last-minute machinations and backroom deals, and an origin story of the politics of austerity, Fear City is essential reading for anyone seeking to understand the resurgent fiscal conservatism of today.

Author : Tom Overmans
Publisher : Unknown
Page : 0 pages
File Size : 50,9 Mb
Release : 2019
Category : Political Science
ISBN : 946236902X

Get Book

The Austerity Paradox by Tom Overmans Pdf

This book studies how municipalities (can) deal with fiscal stress. It applies an institutional perspective, arguing that municipalities can move beyond a fiscal focus and performance optimization, towards building institutional capacities to innovatively deal with fiscal crises. The book shows that many municipalities mainly opt for safe financial measures with quick results. It also shows, however, that some municipalities do invest in seeking new measures, and that they deal differently with the current crisis and create leeway to deal differently with future crises. They bend and stretch constraining rules, norms, and beliefs. More innovative responses are established when municipalities move beyond dominant doctrines (deviate), when they identify and translate potential innovations into concise decisions (decipher), and when they perform dynamic acts of implementation that fit the context of austerity (deliver). The book concludes with an emphasis on the 'austerity paradox': opting for financially driven austerity actions does not enable municipalities to deal with fiscal crises. Municipalities can bounce forward by opting for alternative solutions that pay attention to the non-financial aspects of dealing with financial crises, most specifically knowledge, routines, cultures and mentalities.

Author : Gregory K. Ingram,Yu-hung Hong
Publisher : Lincoln Inst of Land Policy
Page : 535 pages
File Size : 49,6 Mb
Release : 2010
Category : Political Science
ISBN : 1558442081

Get Book

Municipal Revenues and Land Policies by Gregory K. Ingram,Yu-hung Hong Pdf

"Proceedings of the 2009 Land Policy Conference."--Cover.

Author : Ben Lieberman
Publisher : Berghahn Books
Page : 192 pages
File Size : 42,6 Mb
Release : 1998-09-01
Category : History
ISBN : 9781789205886

Get Book

From Recovery to Catastrophe by Ben Lieberman Pdf

Historians of the stabilization phase of Weimar Germany tend to identify German recovery after the First World War with the struggle to revise reparations and control hyperinflation. Focusing primarily on economic aspects is not sufficient, however, the author argues; the financial burden of recovery was only one of several major causes of reaction against the republic. Drawing on material from major German cities, he is able to trace the emergence of strong local activism and of comprehensive and functional policies of recovery on the municipal level which enjoyed broad political backing. Ironically, these same programs that created consensus also contained the potential for destabilization: they unleashed intense debate over the needs of the consumersand the purpose and extent of public spending, and with that of government intervention more generally, which accelerated the fragmentation of bourgeois politics, leading to the final destruction of the Weimar Republic.

Author : Catherine D. Farvacque-Vitkovic,Mihaly Kopanyi
Publisher : World Bank Publications
Page : 521 pages
File Size : 47,5 Mb
Release : 2014-06-27
Category : Business & Economics
ISBN : 9780821399149

Get Book

Municipal Finances by Catherine D. Farvacque-Vitkovic,Mihaly Kopanyi Pdf

This book tells a fascinating story on municipal finances for local government practitioners with rich examples, global practices, and good and bad experiences the authors gained in decades of field work.

Author : Joe Mysak
Publisher : John Wiley & Sons
Page : 242 pages
File Size : 42,6 Mb
Release : 2012-01-03
Category : Business & Economics
ISBN : 9781118006757

Get Book

Encyclopedia of Municipal Bonds by Joe Mysak Pdf

An accessible reference that explores every aspect of the municipal bond market Until now, there has been no accessible encyclopedia, dictionary, nor guide to the world of municipal bonds. Comprehensive and objective, this groundbreaking volume covers the history and mechanics of the municipal market in clear and understandable terms. It covers all aspects of the market, including pricing, trading, taxation issues and yields, as well as topical events such as the financial crisis, hysteria about defaults and Chapter 9 municipal bankruptcy, fraud, and regulation. Encyclopedia of Municipal Bonds also contains entries on important historical events and provides much-needed context for this field. Everything you ever wanted to know about municipal bonds in one comprehensive resource Joe Mysak is the author of the Bloomberg bestseller Handbook for Muni Issuers Demystifies the world of municipal bonds for both the novice and professional investor Explores issues such as the Orange County bankruptcy, the Jefferson County default, the New York City financial crisis, and the surprisingly recent creation of the modern municipal market Encyclopedia of Municipal Bonds offers an essential reference guide for investors, professionals, regulators, insurers, and anyone else involved in the municipal bond market.