Fragile cities are overextended, under-resourced, and deeply dependent on decisions made far away. Here’s what that looks like.
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Cities slide into insolvency not with a dramatic collapse, but with a slow, steady drift into financial fragility.
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Despite assertions to the contrary, a city's budget is almost exactly like a family budget.
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Cities across North America are financially imploding—not because of a lack of growth, but because of the pattern of growth itself. Few cities illustrate this pattern as vividly as Houston, Texas.
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The Finance Decoder reveals the long-term trends hidden behind annual balanced budgets. For Kansas City, those trends are deeply problematic.
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