Congress must stop enabling bad behavior by cities and states

William Glasgall, Richard Ravitch  |  September 14, 2021

By William Glasgall and Richard Ravitch, includes “… While states are required to balance their budgets, the definition of ‘balanced’ varies widely and too often fails to include the impact of such long-term obligations as trillions of dollars in deferred infrastructure maintenance and public employee pension liabilities. … Federal lawmakers’ task would be made easier if most cities and states did not use antiquated accounting methods. …”

Read the full article on: Fortune

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