MuniNet Guide articles and features
Financially Distressed Cities: Should Unfunded Pension Obligations Impair Funding of Essential Services?
The financial health of some municipalities across the nation that are in financial distress is being threatened by unfunded public employee pension obligations that are not affordable and sustainable. When the cost of meeting public pension obligations crowds out the government’s ability to deliver essential public services such as police, fire and water, priorities need to be established and creative solutions are required. Continue
California Takes a Proactive Leap in Local Government Transparency
When California State Controller John Chiang took office in 2007, increasing transparency and accountability - including public access to local government financial data - were among his top priorities. Fast forward to 2014. California county and city government financial information has never been so accessible, powerful and intuitively organized, thanks to By the Numbers, a new open data website. Continue
Lessons Learned from Detroit’s Bankruptcy
In July of 2013, Detroit was the first city that was the largest city in the state to seek protection under Chapter 9 of the Bankruptcy Code for municipal debt adjustment ... The fact that Detroit has confirmed a Plan of Debt Adjustment is one important step in a longer process of recovery. While we hope that Detroit will make a full economic recovery, its experience has been constructive in offering a number of important lessons Continue
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