Measuring the Fiscal Health of Cities: An International Perspective
Sunday, July 3, 2016
4:30 p.m. - 5 p.m. CDT
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City governments are in good fiscal health if they are capable of financing the public infrastructure required to generate future economic growth and providing their citizens with a wide array of public services for which they are responsible. In China and around the world there are plenty of examples of cities in weak fiscal condition. In some cases, such as Detroit, these cities face fiscal crises, and in others, their residents suffer from poor public services. In this talk, I will outline several different measures of fiscal health, and discuss different strategies that have been pursued around the world to measure the fiscal health of city governments. All too frequently, public finance issues, including the fiscal health of cities, play little role in city planning activities. I will outline the potentially symbiotic relationship between strong fiscal health and effective city planning.