Abstract

http://ssrn.com/abstract=1011290
 
 

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Preventing Local Government Fiscal Crises: The North Carolina Approach


Charles K. Coe


North Carolina State University - Department of Political Science & Public Administration


Public Budgeting & Finance, Vol. 27, No. 3, pp. 39-49, Fall 2007

Abstract:     
Some local governments face fiscal challenges due to mismanagement and declining economies. In particular, manufacturing states like Michigan and Ohio have been hard hit by the effects of international competition. To prevent fiscal distress from becoming a crisis, states exercise oversight over local government fiscal management. The three bond rating agencies consider the North Carolina oversight system a model. This paper discusses the North Carolina oversight system, including audit review, technical assistance, debt issuance, and power to take over the financial operations of distressed local units.

Number of Pages in PDF File: 11

Accepted Paper Series


Date posted: August 31, 2007  

Suggested Citation

Coe, Charles K., Preventing Local Government Fiscal Crises: The North Carolina Approach. Public Budgeting & Finance, Vol. 27, No. 3, pp. 39-49, Fall 2007. Available at SSRN: http://ssrn.com/abstract=1011290 or http://dx.doi.org/10.1111/j.1540-5850.2007.00879.x

Contact Information

Charles K. Coe (Contact Author)
North Carolina State University - Department of Political Science & Public Administration ( email )
P.O. Box 8102
Raleigh, NC 27695-8102
United States
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