austerity

A looming fiscal crisis raises another fear for US cities: State oversight and financial control boards

The pandemic economy could revive a fraught method for fixing distressed local budgets.

The pandemic economy could revive one of America’s ugliest fights over local control

Professor Kim Phillips-Fein explains today's parallels with New York City’s financial disaster in 1975.

The pandemic is pushing US city budgets into a new age of austerity

Economists warn that local budget cuts could counteract federal stimulus money.