The people's money : pensions, debt, and government services / edited by Michael A. Pagano University of Illinois at Chicago.

Contributor(s): Pagano, Michael A [editor.]
Language: English Series: Urban agenda (Urbana, Ill.): Publisher: Urbana : Published for the College of Urban Planning and Public Affairs (CUPPA), University of Illinois at Chicago, By the University of Illinois Press, [2019]Copyright date: ©2019Description: 1 online resourceContent type: text Media type: computer Carrier type: online resourceISBN: 0252042913; 9780252042911; 025208473X; 9780252084737Other title: Pensions, debt, and government servicesSubject(s): Finance, Public -- United States | Municipal finance -- United States | Municipal government -- United States | Municipal government | Municipal finance | Finance, Public | Altersversorgung | Finanzpolitik | United States | USAGenre/Form: Electronic books.DDC classification: 336 LOC classification: HJ141 | .P46 2019Online resources: Full text available at Ebscohost Click here to view
Contents:
Preface and acknowledgments / Michael A. Pagano. Overview. Introduction / Casey Sebetto. White Papers. Local government long-term liabilities : pensions, other postemployment benefits, and infrastructure / Martin J. Luby, Gary Strong, and David Saustad -- Contemporary fiscal challenges and positions of US cities / Yonghong Wu, Shu Wang, and Michael A. Pagano -- Exploring urban governments' fiscal challenges / David Merriman -- Linking resources to government services : is there a future for benefit-based financing? / Rebecca Hendrick -- Beyond political consolidation : prospects for effective local governance through self-organized collaborative networks / Jered B. Carr and Michael D. Siciliano -- When public pension reforms fail or appear to be impossible : are unbalanced budgets, deficits, and government collapse the only answer? / James E. Spiotto.
Summary: "American cities continue to experience profound fiscal crises. Falling revenues cannot keep pace with the increased costs of vital public services, infrastructure development and improvement, and adequately funded pensions. Chicago presents an especially vivid example of these issues, as the state of Illinois's rocky fiscal condition compounds the city's daunting budget challenges. In The People's Money, Michael A. Pagano curates a group of essays that emerged from discussions at the 2018 University of Illinois at Chicago Urban Forum. The contributors explore fundamental questions related to measuring cities' fiscal health, including the ways for cities to raise revenue, the accountability of today's officials for a city's future financial position, the legal and practical obstacles to pension reform and balancing budgets, and whether political collaboration offers an alternative to the competition that often undermines regional governance"--Publisher's description
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"Published for the College of Urban Planning and Public Affairs (CUPPA), University of Illinois at Chicago."

Includes bibliographical references.

Preface and acknowledgments / Michael A. Pagano. Overview. Introduction / Casey Sebetto. White Papers. Local government long-term liabilities : pensions, other postemployment benefits, and infrastructure / Martin J. Luby, Gary Strong, and David Saustad -- Contemporary fiscal challenges and positions of US cities / Yonghong Wu, Shu Wang, and Michael A. Pagano -- Exploring urban governments' fiscal challenges / David Merriman -- Linking resources to government services : is there a future for benefit-based financing? / Rebecca Hendrick -- Beyond political consolidation : prospects for effective local governance through self-organized collaborative networks / Jered B. Carr and Michael D. Siciliano -- When public pension reforms fail or appear to be impossible : are unbalanced budgets, deficits, and government collapse the only answer? / James E. Spiotto.

"American cities continue to experience profound fiscal crises. Falling revenues cannot keep pace with the increased costs of vital public services, infrastructure development and improvement, and adequately funded pensions. Chicago presents an especially vivid example of these issues, as the state of Illinois's rocky fiscal condition compounds the city's daunting budget challenges. In The People's Money, Michael A. Pagano curates a group of essays that emerged from discussions at the 2018 University of Illinois at Chicago Urban Forum. The contributors explore fundamental questions related to measuring cities' fiscal health, including the ways for cities to raise revenue, the accountability of today's officials for a city's future financial position, the legal and practical obstacles to pension reform and balancing budgets, and whether political collaboration offers an alternative to the competition that often undermines regional governance"--Publisher's description

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