Financial Bind of U.S. Older Cities

by George E. Peterson, Head of Public Finance; The Urban Institute, Washington, D.C.,


Serial Information: Issue 11, Pg. 104-105


Document Type: Feature article

Abstract:

Among the key factors throwing the finances in many older American cities into disarray: substantial losses in population, industry, and business; swollen municipal expenditures; expanding power of municipal unions; and soaring wage and pension costs.



Subject Headings: Financial management | Local government | Employee compensation and benefits | Urban areas | Population projection | Industries

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