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


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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