FINANCIAL INDICATORS AND TRENDS FOR LOCAL GOVERNMENTS: A STATE‐BASED POLICY PERSPECTIVE

John M. Stevens and Robert P. McGowan

Review of Policy Research, 1983, vol. 2, issue 3, 407-416

Abstract: Recent federal reports, the projected “new” federalism, research in financial and economic trends, and the emerging consensus concerning local government distress have highlighted the fact that no comprehensive or systematic federal, state, or local policies exist to deal with the problems that have been identified. The purpose of this article is to perform a statebased study of financial patterns and trends in local governments that have implications for state policy. Included in the analysis were correlations between constant dollar financial indicators and an instability index for four data points. The results of the analysis and trends suggest that certain consistent patterns which have implications for state policy exist.

Date: 1983
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