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For cities, the doctor is in: a focus on municipal fiscal health


The future prospects for cities worldwide has a foundation in something that doesn't always get much talked about: municipal fiscal health. That was the message delivered by Lincoln Institute President George W. McCarthy in an appearance at the USC Price School of Public Policy earlier this month. The basic covenant of funding local government for services and infrastructure has gone awry, he said, saddling cities with debt and plummeting some, most famously Detroit, into bankruptcy. “We have to ... rebuild the understanding in the general population of the role of local government and why it is necessary and good to pay taxes, or otherwise the provision of public goods would not happen,” McCarthy said. Full Story

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