The general problem states see is that metropolitan regions are more productive and produce more taxes, so in many cases the state cannot necessarily wash its hands of cities.
The largest municipal fiscal crises in the nation so far have been NYC in the ‘70s and Detroit. There is also the case of Puerto Rico, although one could argue the feds have more culpability there since its status as a non-state subject to federal laws makes a lot of avenues for resolving crises illegal.
The largest municipal fiscal crises in the nation so far have been NYC in the ‘70s and Detroit. There is also the case of Puerto Rico, although one could argue the feds have more culpability there since its status as a non-state subject to federal laws makes a lot of avenues for resolving crises illegal.