The Role of the State in Supervising and Assisting Municipalities, Especially in Times of Financial Distress

James E. Spiotto
Municipal Finance Journal
Spring 2013

States play an important role in assisting municipalities in times of financial distress. This article describes various protections and methods that have been adopted by states to ensure payment of debt obligations by local governments and to provide financial assistance, new mechanisms, and oversight, and is reprinted with permission.

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