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Financial Bind of U.S. Older Cities

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


Serial Information: Civil Engineering—ASCE, 1978, Vol. 48, 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: Urban areas | Urban and regional development | Local government | Employee compensation and benefits | Population projection | Industries | Financial management

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