Underfunded pension liabilities threaten the fiscal stability of many cities.
While Detroit's bankruptcy has dominated the headlines, the problem is
widespread. With ongoing battles in many localities, policymakers are
increasingly turning their attention to the legacy issues surrounding the
funding of pensions. Public Pensions and City Solvency addresses this complex
fiscal challenge and presents strategies to achieve financial sustainability.
Writing in a direct, readable style for a professional as well as an academic
audience, expert contributors provide incisive analyses and practical approaches
to navigating the fiscal morass in which many cities find themselves. Richard
Ravitch, former lieutenant governor of New York, writes the Foreword and Robert
P. Inman and