The New Reality of Municipal Finance
The Rise and Fall of the Intergovernmental City
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The New Reality of Municipal Finance examines the growth and decline of fiscal dependency in the large cities of the United States. Intergovernmental cities became dependent upon a variety of revenues, primarily from federal and state governments, to support an array of local public services that were basic to the needs of their citizens. This study based upon two years of work explores the socioeconomic characteristics of these cities and details the changes they have undergone given the drastic shifts in national domestic spending. The authors reveal the health level of each city; how each will be able to deal with the New Federalism; and how future public services and capital facility infrastructure will be provided in the intergovernmental city.