How Should States Respond to City Government Bankruptcy?

June 5th, 2014
in econ_news

from the Federal Reserve Bank of Chicago

Detroit's bankruptcy filing has highlighted fiscal pressures being experienced by communities across the nation, including Chicago. Problems such as flat or declining property tax revenues, underfunded public pensions, and reduced state support are straining local government operations. To investigate how municipalities are adjusting to fiscal stress, the Civic Federation and the Federal Reserve Bank of Chicago held a forum on April 23, 2014, that brought together over 140 participants.

Follow up:

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