How cities get money, how they spend it, why they borrow it, and the stories they tell…
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In 2010, Vallejo, CA, declared bankruptcy after the Great Recession broke its budget.
Davidson, M. and Kutz, W. (2015) Grassroots austerity: municipal bankruptcy from below in Vallejo, California, Environment and Planning A, 47(7), 1440-1459
Pension obligation bonds, betting on the future to pay for the past…
Davidson, M. (2024) Is it Worth a Punt on Pensions? A Case Study of Three Municipalities’ Use of Pension Obligation Bonds, Environment and Planning C: Politics and Space
