01 Jul PUBLIC BUDGETING
Public Budgeting
The Detroit Exercise
Several weeks ago, I asked you to read a couple of articles on the on-going financial woes of Detroit. Feel free to supplement the articles to which I guided you with other commentary from reputable sources.
After reading and considering the document, respond in brief essay form (each response should not exceed 300 words) to the following questions. Please submit to the Dropbox feature on the course’s CougarView site. Take care to write in the form of a graduate student – tight, concise sentences, no superfluous words, topic sentences and appropriate punctuation. Grading will take into account the content of your responses as well as the technical elements of writing.
1. Identify what you think brought Detroit to its current financial condition?
2. If you were a consultant hired to rescue Detroit, what would you recommend?
This assignment is due by Monday, September 30, 2013.
In addition to the Chapter in Nice and these GRQs, please access and read the following:
The Wages of Bankruptcy: Stockton’s Cautionary Tale for Detroit
Within the article, read the three embedded items:
Pittsburg’s Lesson for Detroit
Motor City Meltdown: Long Road Ahead for Detroit’s Record Bankruptcy
Is Stockton the Start of a Rash of Municipal Bankruptcies?
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