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American Recovery & Reinvestment
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Chapter 9 and Alternatives - Part One: Lessons Learned: An Update on the Municipal Bankruptcy Experience

The state legislatures, in considering how best to assist local governments facing financial challenges or economic distress, may find instructive how other states have addressed these problems and the alternatives and opportunities available in the form of legislation including authorization to file for Chapter 9, municipal bankruptcy… Continue

Are Public Libraries Still Relevant in American Communities?

public library
public libraries

As patrons’ habits have changed, public libraries have evolved, retaining their role as an important community resource, offering an increasing variety of materials, services and programs to residents.. Despite significant changes driven primarily by technology, libraries remain relevant fixtures in American infrastructure.… Continue

Assessing the Credit Quality of America’s Cities - Part Three: Long-Term Liabilities beyond Pensions

OPEB, infrastructure, pension squeeze

In the third part of our series on city credit quality, we examine other liabilities besides pensions that pose a threat to the fiscal health of U.S. cities. Bonded indebtedness, other post-employment benefits (OPEB), derivatives and deferred infrastructure replacement can also result in a budget squeeze.… Continue

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