Abstract
Struggling to keep their heads above water, cities are trying every means from increased real-estate taxes to off-track betting to squeeze all the dollars they can. In FINANCING THE METROPOLIS, noted economists and urbanologists team up to examine this ailing patient. They decide, surprisingly, that the outlook is not so hopeless as many believe. Among prognoses: "Local governments are not broke; they just think they are;" and "The current fiscal crisis of our cities is a political problem, not an economic one." A lengthy bibliography is appended.
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