After Detroit: How Will Illinois and Its Communities Respond?

Richard Mattoon and Sarah Wetmore

Chicago Fed Letter, 2014, issue Jul, No 324a

Abstract: Detroit?s bankruptcy filing has highlighted fiscal pressures being experienced by communities across the nation, including Chicago. Problems such as flat or declining property tax revenues, underfunded public pensions, and reduced state support are straining local government operations. To investigate how municipalities are adjusting to fiscal stress, the Civic Federation and the Federal Reserve Bank of Chicago held a forum on April 23, 2014, that brought together over 140 participants.

Keywords: Detroit; Bankruptcy (search for similar items in EconPapers)
Date: 2014
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