Options of State and Local Governments For Dealing With Shfits And Fiscal Stress: A Midwest Perspective

Mark A. Edelman and Daniel M. Otto

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: We live in a world of change. Nothing stays the sane forever. Communities and institutions are born. Some group and continue to group. Some nay experience decline. Some nay even die. Fiscal stress may' occur during the growth phase if the demand for community services expands faster than the capacity to deliver the services. However a different kind of fiscal stress occurs when the community's economic base erodes due to structural change in nature or declining industries like agriculture, mining, petroleum or labor-intensive manufacturing. This symposium is concerned more with the last type of stress.

Date: 1987-01-01
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