23 Pages Posted: 13 Oct 2009
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: 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
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