The numbers don’t lie: business-as-usual suburban development won’t bring a booming town long-term financial strength. But it turns out that to #DoTheMath is only the first step toward changing your community's business model.
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Maybe the one good thing you can say about municipal debt is that it’s on the balance sheets. We’re tracking it. But there is another type of future obligation that is like debt…only worse. It comes back again and again, and too many cities aren’t paying attention.
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The unproductive use of infrastructure has put most cities, even those that are superficially prosperous, in a position where they won’t be able to afford to maintain what they’ve built. The signs of this crisis are everywhere—if you’re willing to look.
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When is it appropriate for a local government to take on debt? And other common questions we’ve answered for you—new this week in the Strong Towns Knowledge Base!
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Doing the math on a routine, uncontroversial street paving project reveals an investment that will never pay for itself, in a city that has thousands of such investments. That we do it anyway reflects the cultural consensus at the root of our towns’ financial problems.
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This week on the Strong Towns Podcast, Chuck talks with Jase Wilson, the founder and CEO of Neighborly, about bringing small-scale investors back to the municipal bond market, empowering people to invest in the real, observed needs of communities they care about.
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