This is republished content originally hosted on the Mercatus’ Center former blog, Neighborhood Effects. Last week I had the pleasure of attending a public policy conference that brought together many scholars who study public pensions to share what they have learned from their research. The crisis – growing unfunded pension liabilities and resulting fiscal distress for statesContinue reading “Solving the Public Pension Crisis”
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Eight years after the financial crisis: lessons from the most fiscally distressed cities
This is republished content originally hosted on the Mercatus’ Center former blog, Neighborhood Effects. You’d think that eight years after the financial crisis, cities would have recovered. Instead, declining tax revenues following the economic downturn paired with growing liabilities have slowed recovery. Some cities exacerbated their situations with poor policy choices. Much could be learnedContinue reading “Eight years after the financial crisis: lessons from the most fiscally distressed cities”