State & Local Finance

WEBINAR – Are state and local governments prepared for the next recession?

Wednesday, Jan 29, 2020 2:00 PM - 3:30 PM EST

Online only

Map

Receiving and shipping worker Mike Pawloski prepares to ship a newly assembled transformer to a client in the RoMan Manufacturing plant in Grand Rapids, Michigan, U.S. December 12, 2018. Picture taken December 12, 2018. REUTERS/Rebecca Cook - RC14D0F95D40

The Avenue

Most business incentives don’t work. Here’s how to fix them.

Tim Bartik and John C. Austin

November 4, 2019

Economic Development

Talent-driven economic development: A new vision and agenda for regional and state economies

Joseph Parilla and Sifan Liu

October 15, 2019

Supporters of Argentina's President Mauricio Macri attend a campaign rally in Buenos Aires, Argentina, September 28, 2019. REUTERS/Agustin Marcarian - RC145B02DD50

Op-Ed

Argentina must not waste its crisis

Kemal Derviş and Sebastian Strauss

Thursday, October 3, 2019

Reports

Global Trade

How global cities are innovating to leverage foreign investment

Max Bouchet, Rachel Barker, and Marek Gootman

September 11, 2019

Cars travel north towards Los Angeles on interstate highway 5 in San Diego, California February 10, 2016. Picture taken February 10. To match Insight AUTOS-AUTONOMOUS/INFRASTRUCTURE REUTERS/Mike Blake - GF10000365352

Report

How high are infrastructure costs? Analyzing Interstate construction spending

Leah Brooks and Zachary Liscow

Monday, August 19, 2019

An elderly couple looks out at the ocean as they sit on a park bench in La Jolla, California November 13, 2013. REUTERS/Mike Blake (UNITED STATES - Tags: SOCIETY ENVIRONMENT) - GM1E9BE0E8L01

Report

How risk-sharing policies affect the costs and risks of public pension plans

Donald Boyd, Gang Chen, and Yimeng Yin

Monday, August 12, 2019

July 24, 2019; Los Angeles, CA, USA; General view of downtown Los Angeles skyline. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports - 13093367

Report

Is municipal bond insurance still worth the money in an ‘over-insurance’ phenomenon?

Kimberly Cornaggia, John Hund, and Giang Nguyen

Thursday, August 1, 2019

Visitors walk to the platform at the 96th Street Station during a preview event for the Second Avenue subway line in Manhattan, New York City, U.S., December 22, 2016. REUTERS/Andrew Kelly - RC14771C8740

Report

Tax advantages and imperfect competition in auctions for municipal bonds

Daniel Garrett, Andrey Ordin, James W. Roberts, and Juan Carlos Suárez Serrato

Friday, November 30, 2018

Blog Posts

The Hudson Yards development on Manhattan's West side, which will have more than 18 million square feet of commercial and residential space and 14 acres of public parks and gardens including "The Vessel" (C) is seen New York City, New York, U.S., March 12, 2019. REUTERS/Mike Segar - RC1DF81C4870

Up Front

For all but the lowest-rated state and local governments, buying bond insurance is a bad deal

Sage Belz and David Wessel

Monday, July 15, 2019

Up Front

How bad is the state and local pension crisis really?

Finn Schuele and Louise Sheiner

Monday, July 15, 2019

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker (UNITED STATES) - WASE5AM11ZS01

Up Front

Are state and local pension funds really in crisis?

Louise Sheiner

Monday, July 15, 2019

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Events

2019

Jul

Past Event

Experts

Women eat watermelons at the Coachella Valley Music and Arts Festival in Indio, California April 10, 2015. REUTERS/Lucy Nicholson - GF10000055583

Up Front

Are the kids alright? Saving and wealth accumulation among the millennial generation

William G. Gale

Wednesday, March 20, 2019

Mar 17, 2019; Nashville, TN, USA; A member of the Bridgestone Arena crew sweeps confetti off the court after a win by the Auburn Tigers over the Tennessee Volunteers in the SEC conference tournament championship game at Bridgestone Arena. Mandatory Credit: Christopher Hanewinckel-USA TODAY Sports - 12368716

Up Front

College sports joins the marketplace, with limits

Robert E. Litan

Tuesday, March 19, 2019

David Wessel

Director - The Hutchins Center on Fiscal and Monetary Policy

Senior Fellow - Economic Studies

davidmwessel

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Multimedia

Podcast Episode

@ Brookings Podcast: Cautious Optimism for State Budgets

Friday, January 20, 2012

Podcast Episode

@ Brookings Podcast: State Budget Crises Continue

Friday, April 15, 2011

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Online only

Reports

8th annual Municipal Finance Conference

WEBINAR – The Flint water crisis: Lessons learned

7th annual Municipal Finance Conference

Director - The Hutchins Center on Fiscal and Monetary Policy

Senior Fellow - Economic Studies