Graphic of nervous piggy bank nearly submerged by water

Municipal Finance: Vulnerable and Distressed

Municipal Finance: Vulnerable and Distressed By: Laura Day DelCotto, Esq. In the July issue of Governing magazine, Publisher Mark Funkhouser astutely notes that money is the “lifeblood” of all cities.  The same day I read his article, the Lexington Herald- Leader front page noted the major declines in city and

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