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What is Predicting Local Fiscal Distress Model about?

This document describes research into developing a composite model to predict fiscal distress in local governments. The researchers created a 10-point scale to measure fiscal distress, testing it on local governments in Michigan. They define fiscal distress as a failure over successive years to meet standards in operating position, debt levels, and meeting community needs given available resources. Predicting and preventing fiscal distress is important as it can lead to fiscal emergencies requiring state in

Author

evanaja

Language

EN