The Municipal Financial Crisis
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 17 October 2022
⏱️ 30 minutes
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| 0:00.0 | This is the Cater Daily Podcast for Monday, October 17th, 2022. |
| 0:06.3 | I'm Caleb Brown. |
| 0:07.3 | When the entire roster of decision-makers for a city turns over on a fairly regular |
| 0:11.9 | basis, it can be hard to stick with a budget plan and |
| 0:15.2 | like all politicians, electoral success can depend on engaging in some particularly bad budgeting. |
| 0:22.3 | Mark Moses is author of the municipal financial crisis. He argues |
| 0:26.4 | that if cities want to maintain long-term and credible plans for fiscal |
| 0:30.0 | management, it's important to first draw the lines between what governments should and should |
| 0:35.1 | not be doing. |
| 0:36.1 | Before we get down into some specific issues related to municipal finance. |
| 0:43.6 | In general, are there categories of problems |
| 0:46.8 | that cities have, or are all problems |
| 0:50.1 | just basically problems of funding. |
| 0:53.6 | Well, I think it goes deeper than funding. |
| 0:55.8 | I think it goes to what drives the need for funding |
| 1:00.0 | and how do municipalities view their funding sources. |
| 1:05.0 | And so the, I mean, when I think about the problem of raining in budgets, |
| 1:12.0 | or the problem of spending, I think you've got to go of |
| 1:13.4 | raining in budgets or the problem of spending. I think you've got to go deeper than |
| 1:16.2 | simply spending. You have to look at it's the organization's activities that drive their |
| 1:22.0 | costs and their scope and decisions they make |
| 1:26.0 | about their scope and mission determine their activities. |
... |
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