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Measuring the Financial Position of Municipalities: Numbers Do Not Speak for Themselves

23 Pages Posted: 13 Oct 2009  

Shannon Sohl

affiliation not provided to SSRN

Michael T. Peddle

affiliation not provided to SSRN

Kurt Thurmaier

University of Kansas - Public Administration Department

Curtis H. Wood

affiliation not provided to SSRN

Gregory Kuhn

affiliation not provided to SSRN

Abstract

There are several challenges facing someone who wants to know if a city's revenue structure is fair and reasonable. There are few generally accepted standards to use as benchmarks of financial condition, and there is no generally accepted methodology to assess relative financial position. This article reviews literature on financial position and condition, and then develops a methodological approach that creates a cohort of similar cities for benchmarking financial position, and then forming a basis for assessing financial condition. Based on a study of the financial position of a medium-sized city, the article offers lessons for practitioners and scholars.

Suggested Citation

Sohl, Shannon and Peddle, Michael T. and Thurmaier, Kurt and Wood, Curtis H. and Kuhn, Gregory, Measuring the Financial Position of Municipalities: Numbers Do Not Speak for Themselves. Public Budgeting & Finance, Vol. 29, Issue 3, pp. 74-96, Fall 2009. Available at SSRN: https://ssrn.com/abstract=1487812 or http://dx.doi.org/10.1111/j.1540-5850.2009.00937.x

SHANNON SOHL (Contact Author)

affiliation not provided to SSRN

MICHAEL T. PEDDLE

affiliation not provided to SSRN

Kurt Thurmaier

University of Kansas - Public Administration Department ( email )

Lawrence, KS 65045
United States

CURTIS H. WOOD

affiliation not provided to SSRN

Gregory Kuhn

affiliation not provided to SSRN ( email )

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