Research Handbook on City and Municipal Finance (Elgar Handbooks in Public Administration and Management)

Front Matter Copyright Contents Contributors Introduction to the Research Handbook on City and Municipal Finance Part I Raising revenues and spending funds 1 Municipal revenues: data dilemmas, structures, and trends 2 Property taxes and municipal finance 3 Local option taxes 4 The growing role of nontax revenue sources in American cities 5 Municipalities in the intergovernmental revenue system: the federal government’s stabilization function? 6 The role of cities and public health expenditures in the COVID-19 era 7 Spending on physical infrastructure: is it enough? 8 Mitigating fiscal risk through municipal cybersecurity Part II Fiscal organization structure, budgeting, and financial condition 9 The role of special districts and intergovernmental constraints 10 Municipal financial risks: special-purpose district financial health during COVID-19 11 Municipal budgets, balance sheets, and acute fiscal shock 12 Understanding financial success: an exploration of the determinants of fiscally healthy cities 13 State intervention in local government fiscal distress 14 The fiscal structure of county governments from 2002 to 2019: the impact of the Great Recession and the run-up to the COVID-19 pandemic Part III Debt and pensions 15 The security, structure, and market of municipal debt: recent trends, research, and developments 16 The status of municipal financial intermediaries after the financial crisis and Dodd-Frank: underwriters, insurers, advisors, and credit rating agencies 17 The structure of county government debt from 2002 to 2020: the financial crisis, the Great Recession, and the COVID-19 pandemic 18 The impact of fiscal rules on local debt: credit ratings, borrowing costs, and debt levels 19 Do municipal pensions matter? A review of pensions’ impact on US local governments Part IV City and municipal finance across the globe 20 Municipal finance in federalist systems 21 Municipal finances in unitary systems: the effects of crises on financial autonomy in four European countries 22 Government financial resilience – a European perspective 23 Measuring urban financial resilience: a resource flow perspective 24 Managing crises and public financial management in Singapore Conclusion: themes and directions for future research Index This timely Research Handbook explores the handling of city and municipal finances in the 21st century. It examines the impact of the Great Recession and COVID-19 pandemic on cities and municipalities, highlighting strengths, weaknesses, and avenues for future progress in city and municipal financial management. Bringing together leading global scholars of public finance and budgeting, economics, law, political science and policy analysis, this Research Handbook scrutinises how cities and municipalities have adapted after crisis periods. It combines theoretical ideas, empirical findings and practical applications, focusing on federalist systems as well as including global case studies from diverse governance contexts. Contributors analyse sources of revenue for cities and municipalities, critical areas of spending, fiscal structure, budgeting, debt, pensions and financial resilience. Forward thinking, it considers the strength and resilience of city and municipal finances in meeting long-term liabilities and responding to short-term crises. This Research Handbook will be an invaluable resource for students and scholars of public finance and administration, urban economics, and political economy. Providing cutting-edge policy recommendations, it will also be a highly useful guide for policy-makers and administrators seeking to effectively guide city and municipal finances.