The Fork in the Road: How a Local Government’s Approach to Fiscal Distress Can Determine Its Financial Future

Source: MuniNet Guide, March 27, 2012

…[A]s Tim Maniccia, founder of Policy Innovation, Inc., explains, unlike Jefferson County, Harrisburg, and other recent examples, Stockton’s financial problems appear to be the result of a more chronic situation – an important distinction to note. In the interview that follows, Maniccia describes the difference between fiscal distress caused by cyclical and structural budget gaps, and how local governments might seek assistance along their road to financial recovery….

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