Article(electronic)June 10, 2008
Preventing Local Government Fiscal Crises: Emerging Best Practices
In: Public administration review: PAR, Volume 68, Issue 4, p. 759-767
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Abstract
What type of oversight should states exercise over local units in order to prevent fiscal crises? This article discusses a sequence of three best practices that some states use to prevent fiscal emergencies. They first monitor local government finances to predict fiscal distress. After detecting signs of fiscal distress, states actively assist local units in ameliorating the problem. Finally, assistance notwithstanding, if a situation becomes grave, states require local units to take strong remedial measures, including increasing taxes and reducing expenditures.
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