Download or read book Responses to Local Government Fiscal Distress written by Laura Kurtz and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The specific research question guiding this exploratory study is: how do the methods utilized by particular municipalities to address fiscal distress, including bankruptcy, asset monetization and the issuance of debt, impact fiscal health. To answer the principal research question, six municipalities are selected for case study research in order to review and consider the circumstances surrounding such responses and the impacts thereof, and the relevant fiscal indicators and conditions that contribute to fiscal distress in each instance. By examining the context and circumstances of each case, this study offers an understanding of the variables and indicators that are present during times of local government fiscal distress, which resulted in the adoption of one of the three aforementioned strategies undertaken by the local governments studied in their attempts to eliminate such fiscal distress. This study finds that the successful cases that maintained a healthier fiscal position prior to utilizing any response, displayed initiative to improve fiscal condition, employed professional staff and developed and followed fiscal policies were better off fiscally than their unsuccessful counterparts. Finally, future research should compare, contrast and study additional types of responses through similar indicators. This study recognizes that developing such a framework requires intimate contextual and domain knowledge, as well as an awareness of the multi-causal relationships that exist between a jurisdictions external environment, its internal finances, and its management practices.