By way of a critical exploration of austerity politics in the USA, the paper examines the
means by which the Wall Street crisis of 2008 has been translated into a state crisis …

This study reviews the funding status of state‐administered pension plans and their impact
on state credit quality. As the fund ratio (actuarial assets/actuarial accrued liability) of state …

The research focuses on the impact of the restrictiveness of tax and expenditure limitations
(TELs) on the credit ratings of 566 US municipalities over the 2007-2010 time period. The …

American cities are creatures of their states, with states both granting and limiting the power
of their cities. This relationship is characterized by how cooperative or competitive states are …

The literature on tax and expenditure limitations (TELs) is extensive and continues to grow
as the impact of these institutional constraints on fiscal and economic outcomes continues to …

One of the critical questions in local public budgeting and finance is how the confluence of
two major developments in the local public sector—the proliferation of tax and expenditure …

The Great Recession of 2008–09 caused an array of fiscal challenges for state and local
governments in the US, including the underfunding of pensions and retiree health benefits …

It is di□ fficult to find someone who has not heard about the Puerto Rico, Detroit, Michigan,
or Orange County, California, bankruptcies. While guides for responsibly managing …

This paper examines the impact of tax and expenditure limitations (TELs) on state
governments. We examine how TELs are represented in empirical modeling. We compare …

The growth of unfunded pension liabilities has raised concern over states' fiscal
sustainability and threatens their ability to access the capital market. Over the past decade …