In June 2019, America marked 10 years since the end of the Great Recession. For many state and local governments, the recovery has been slow and remains incomplete. Cities face the most serious challenges of all.
The legacy of deindustrialization still weighs heavily on dozens of municipalities across the nation, creating tax bases far weaker than is the case with any state. Several indicators, such as trends in local aid, state and local government employment, and spending on Medicaid and retirement benefits, suggest that this is a new era for state and local finance. New administrative or institutional adjustments will therefore be necessary.
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