News

Study: 19 states can intervene in cities' financial crises

Written by The Associated Press | Jul 23, 2013 5:14 PM
harrisburg-pa.jpg

(Undated) -- Pennsylvania is among 19 states where the state can intervene in local governments' financial crises.

A Pew Charitable Trusts study has been released, just days after Detroit filed for bankruptcy.

The report says the commonwealth, Michigan, North Carolina and Rhode Island are among states with extensive intervention laws designed to prevent bankruptcy filings or provide alternatives to bankruptcy.

Many states have no intervention laws.

Pew says less than 10 of the country's 55,000 municipal governments that sell bonds file for bankruptcy each year.

Tagged under , , , ,

back to top

Post a comment

Support for witf is provided by:

Become a witf sponsor today »

witf's Public Insight Network

Real Life Real Issues

Grave 43: Remembering Pony

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for witf is provided by:

Become a witf sponsor today »