You are a municipal budget analyst. Using your favorite search engine, locate the budget of a municipality that has completed a petition to file bankruptcy. Some examples include Detroit, Michigan; Stockton, California; Central Falls, Rhode Island; San Bernardino, California; Prichard, Alabama; and Vallejo, California.
Develop your case study findings and recommendations consisting of no less than 700 words in which you discuss the following:
- Briefly describe the municipality’s demographics.
- Evaluate the previous three-year trend of the municipality’s major revenue sources and expenditures.
- Analyze the impact of the issues contributing to the municipality’s budget deficiencies.
- Propose three alternative financing options.