00000nam a2200000 i 4500 UP-8027295163992777560 Buklod 20250219090838.0 a r |||| u| ta 250210s2023 nyudo agr b 001 0 eng 9781032349381 (paperback) 22778800 Pu-29979 Php 4,718.00 DLC DCPA rda eng HJ 9145 G89 2023 Guzman, Tatyana S. author. Municipal fiscal stress, bankruptcies, and other financial emergencies Tatyana Guzman and Natalia Ermasova. New York London Routledge 2023. x, 299 pages illustrations 23 cm text txt rdacontent unmediated rdamedia volume nc rdacarrier Includes bibliographical references and index. 1 Introduction -- 2 Measurements of Fiscal Health and Fiscal Health Monitoring Systems -- 3 Preventative Treatment and Federal, State, and Local Incentives for Unhealthy Municipalities -- 4 Legal Aspects of Municipal Bankruptcy -- 5 Fiscal Stress and Operating Budget -- 6 Fiscal Stress and Capital Infrastructure -- 7 Fiscal Stress During the COVID-19 Pandemic -- 8 Introduction to the Case Studies -- 9 Case Study: City of Detroit -- 10 Case Study: Colorado Springs, CO -- 11 Case Study: Jefferson County, AL -- 12 Case Study: Pittsburgh, PA -- 13 Case Study: Central Falls, RI -- 14 Case Study: Vallejo, CA -- 15 Conclusions and a Theory of Financial Management and Budgeting During Fiscal Emergency and Bankruptcy. It is difficult to find someone who has not heard about the Puerto Rico, Detroit, Michigan, or Orange County, California bankruptcies. While guides for responsibly managing government finances exist, problems often originate not because of poor financial reporting or financial deficiencies, but because issues external to financial wellbeing arise, such as economic, demographic, political, legal, or even environmental factors. Exacerbating the problem, there is not much advice in the existing literature on how to act when municipalities face financial struggles. Filling this important gap, this book explores fiscal health and fiscal hardships, municipal defaults and bankruptcies, and many other aspects to help guide local governments during fiscal distress. Fiscal hardships negatively affect the quality and availability of public goods and services, and, consequently, the well-being of residents and businesses living and working in distressed municipalities. Turned off streetlights, unmaintained public parks, potholes, inconsistent garbage pickup, longer response time from emergency services, and multiple other issues that residents of the struggling municipalities deal with, lead to higher crime rates, lower quality of K-12 education, dangerous road conditions, lower housing values, outmigration of wealthier population, and numerous other problems. The COVID-19 pandemic put additional unprecedented pressure on municipal finances nationwide. In this book authors Tatyana Guzman and Natalia Ermasova evaluate distressed cities and municipalities and provide practical recommendations on improving their financial conditions. What are conditions and signs to look for to not to find yourself in similar situations? What can be done if your municipality is already experiencing fiscal hardships? What are the consequences of fiscal misfortunes? How to exit a fiscal emergency? This book answers these and other questions and serves as a guide to fiscal health and prosperity for U.S. municipal governments, students and researchers in public finance and general public management fields"-- Provided by publisher. Municipal bankruptcy United States Case studies. Municipal finance United States Case studies. Ethics and Accountability in the Public Service PA 107 (PA 161) . Ethics and Accountability in the Public Service PA 209. Ermasova, Natalia author. FO UPD DCPA HJ 9145 G89 2023 Book