Cities go bankrupt: Mark Moses discusses the fiscal policies municipal governments should avoid.
Cities across the United States are in a persistent financial crisis because their governments are unable or unwilling to define who and what they are. In fact, many cities’ finances are so poor that they’re going bankrupt. The fundamental problem is that city governments attempt a scope of service provision that is impossible to deliver on. Policy Analyst Mark Moses, author of The Municipal Financial Crisis: A Framework for Understanding and Fixing Government Budgeting, joins the Budget & Tax News Podcast to discuss this problem.