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FINANCIAL INDICATORS AND TRENDS FOR LOCAL GOVERNMENTS: A STATE‐BASED POLICY PERSPECTIVE
Author(s) -
Stevens John M.,
McGowan Robert P.
Publication year - 1983
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/j.1541-1338.1983.tb00726.x
Subject(s) - state (computer science) , local government , liberian dollar , financial distress , perspective (graphical) , economics , federalism , finance , government (linguistics) , state policy , public economics , business , public policy , financial system , political science , economic growth , public administration , politics , linguistics , philosophy , algorithm , artificial intelligence , computer science , law
Recent federal reports, the projected “new” federalism, research in financial and economic trends, and the emerging consensus concerning local government distress have highlighted the fact that no comprehensive or systematic federal, state, or local policies exist to deal with the problems that have been identified. The purpose of this article is to perform a statebased study of financial patterns and trends in local governments that have implications for state policy. Included in the analysis were correlations between constant dollar financial indicators and an instability index for four data points. The results of the analysis and trends suggest that certain consistent patterns which have implications for state policy exist.