Municipal Bankruptcy and Political Will…Tools for Stability in Municipal Government

October 10, 2011 and February 27, 2011Articles Mayors & Cities Magazine

Joshua Klein and Michael Viscount discuss the financial pressures that burden municipal governments and other political subdivisions that have led "municipal bankruptcy" to become a household phrase. The two also discuss efforts of such government entities to address funding obligations and future commitments. Is bankruptcy the answer for governments looking to solve complex financial problems in 2012 and beyond? Find out as Klein and Viscount detail what can and cannot be solved through municipal bankruptcy, which determines how effective Chapter 9 is as a tool for political problem-solving.