Guide To Municipal Finance

This book tells a fascinating story on municipal finances for local government practitioners with rich examples, global practices, and good and bad experiences the authors gained in decades of field work.

This timely Handbook explores the handling of city and municipal finances in the 21st century. It examines the impact of the Great Recession and Covid-19 pandemic on cities and municipalities, highlighting strengths, weaknesses, and avenues for future progress in city and municipal financial management. Bringing together leading global scholars of public finance and budgeting, economics, law, political science and policy analysis, this Handbook scrutinises how cities and municipalities have adapted after crisis periods. It combines theoretical ideas, empirical findings and practical applications, focusing on federalist systems as well as including global case studies from diverse governance contexts. Contributors analyse sources of revenue for cities and municipalities, critical areas of spending, fiscal structure, budgeting, debt, pensions and financial resilience. Forward thinking, it considers the strength and resilience of city and municipal finances in meeting long-term liabilities and responding to short-term crises. This Handbook will be an invaluable resource for students and scholars of public finance and administration, urban economics, and political economy. Providing cutting-edge policy recommendations, it will also be a highly useful guide for policy-makers and administrators seeking to effectively guide city and municipal finances.

City governments are going bankrupt. Even the ones that aren’t are often stuck in financial chaos. It is easy to blame pensions, poor leadership, or a bad economy. But the problems go much deeper. With decades of experience in local government, author Mark Moses showcases the inside world of the city decision-making process that has spawned these crises. It becomes clear: City governments are maxing out their budgets because they are trying to maximize services. This book, likely the most ambitious attempt by someone who has worked in government to radically examine the delivery of municipal services since 'Reinventing Government' was published more than 25 years ago, explores why city governments pursue an open-ended mission and why bailouts and trendy budgeting processes will be, at best, only temporary solutions. Of interest to current and future city council members, regional and state government officials, those covering city government, financial analysts, city management, and individuals and organizations interested in influencing city policy, this book argues that cities won’t thrive until city hall is disrupted.