Managing the Fiscal Metropolis : The Financial Policies, Practices, and Health of Suburban Municipalities

"Managing the Fiscal Metropolis: The Financial Policies, Practices, and Health of Suburban Municipalities" is an important book. This first comprehensive analysis of the financial condition, management, and policy making of local governments in a metropolitan region offers local governments currently dealing with the Great Recession a better understanding of what affects them financially and how to operate with less revenue. Hendrick's groundbreaking study covers 264 Chicago suburban municipalities from the late 1990s to the present. In it she identifies and describes the primary factors and events that affect municipal financial decisions and financial conditions, explores the strategies these governments use to manage financial conditions and solve financial problems, and looks at the impact of contextual factors and stresses on government financial decisions. "Managing the Fiscal Metropolis" offers new evidence about the role of contextual factors- including other local governments-in the financial condition of municipalities and how municipal financial decisions and practices alter these effects. The wide economic and social diversity of the municipalities studied make its findings relevant on a national scale.

Rebecca M. Hendrick is an associate professor in the Department of Public Administration at the University of Illinois at Chicago.