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Municipal financial risks: special-purpose district financial health during COVID-19

In: Research Handbook on City and Municipal Finance

Author

Listed:
  • Temirlan T. Moldogaziev
  • Marc Joffe
  • Allan Wheeler

Abstract

Special-purpose districts (SPDs) are organized around narrow service delivery tasks and are ubiquitous at the municipal level. Often, SPDs are legally and administratively separated from general-purpose governments (states, counties, or cities), with their own service and fiscal authority. We apply financial risk measures for two types of special-purpose governments in California - Community College Districts (CCDs) and Health Care Districts (HCDs). CCDs and HCDs are both ostensibly organized around important (social policy oriented) service delivery tasks. Using district level data for fiscal years 2019 and 2020, where in the latter year SPDs are exposed to the first wave of COVID-19’s impact, we construct and present the SPD composite financial risk measures.

Suggested Citation

  • Temirlan T. Moldogaziev & Marc Joffe & Allan Wheeler, 2023. "Municipal financial risks: special-purpose district financial health during COVID-19," Chapters, in: Research Handbook on City and Municipal Finance, chapter 10, pages 187-203, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20063_10
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    File URL: https://www.elgaronline.com/doi/10.4337/9781800372962.00017
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