000			01617nam a22001457a 4500
999			_c523714 _d523714
008			230922b ||||| |||| 00| 0 eng d
100			_aSingla, A., Spreen, T.L. and Shumberger, J. _943863
245			_aDecree or democracy: State takeovers and local government financial outcomes
260			_aPublic Administration Review
300			_a83(4), Jul-Aug, 2023: p.911-929
520			_aMany states possess the authority to intervene in local fiscal emergencies, in some cases curtailing decision-making powers of local officials through the appointment of an emergency financial manager. Previous research has recognized that these managers can push through unpopular reforms that may improve financial health but come at the expense of local control and democratic accountability. We assess the financial outcomes after eight recent state takeovers relative to a matched counterfactual comprised of similarly distressed general purpose local governments. The staggered difference-in-differences analysis shows emergency managers improve budgetary solvency and increase fiscal reserves. These enhancements are achieved through significant reduction of general fund expenditures. Several long-term indicators show deterioration in financial health after state intervention reflecting a significant decline in long-term assets. Overall, municipalities subjected to a state takeover did not realize significant long-run improvements in financial health indicators relative to counterfactual governments. – Reproduced
773			_aPublic Administration Review
906			_aPUBLIC ADMINISTRATION
942			_cAR