As Economy Slumps, New Study Highlights Tools For Avoiding Fiscal Crises in Local Government
Tuesday, July 15, 2008 - 16:28
in Mathematics & Economics
(PhysOrg.com) -- As news reports focus on the shaky footing of the national economy, a researcher from North Carolina State University has released a study laying out several best practices that can be implemented by state governments to prevent or mitigate fiscal distress at the local government level. In his paper, Dr. Charles Coe urges state governments to adopt these best practices in order to avoid the long-term problems - including high taxes, declining public services and an inability to pay local government employees - caused by fiscal distress at the local level.