Fiscal health of local governments and municipalities has remained an important issue since the crises of the 1970's in places like New York, Philadelphia and Cleveland. More recently, the bankruptcy of Orange County California raised the possibility of a different type of financial failure than earlier ones. The beginning of the 21st century has witnessed two major economic bubbles including the dotcom and housing bubbles. These economic cycles combined with increasing health care, pension and other structural costs continue to challenge the fiscal viability of many jurisdictions. In particular, the economic and financial crisis of 2007-2008 is likely to result in potentially serious fiscal challenges for local jurisdictions. Local Government Fiscal Health reinvigorates the debates around the monitoring, reporting, assessment and management of local government fiscal stress, bankruptcy, and state takeovers. The book provides both a solid conceptual basis for understanding the sources and causes behind local government fiscal stress and crisis, as well as tools for monitoring, reporting, and addressing such crises. Based on theoretical frameworks as well as empirical evidence and case studies, it also addresses such issues as the impact of GASB 34 and GASB 45 on the assessment of and policies to address fiscal stress and crisis. Ideal for students of Public Policy and Public Administration, the book seeks to both advance the state of the field in terms of research and frameworks around fiscal stress in local government as well as provide an assessment of the tools, monitoring practices and state and local policies that are used to address situations of fiscal stress. | Handbook Of Local Government Fiscal Health by Helisse Levine, Paperback | Indigo Chapters