The People's Money

Pensions, Debt, and Government Services
Author: Edited by Michael A. Pagano
Diagnosing and treating the fiscal ills afflicting America's cities
Cloth – $110
Paper – $20
eBook – $19.95
Publication Date
Paperback: 10/14/2019
Cloth: 10/14/2019
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About the Book

American cities continue to experience profound fiscal crises. Falling revenues cannot keep pace with the increased costs of vital public services, infrastructure development and improvement, and adequately funded pensions. Chicago presents an especially vivid example of these issues, as the state of Illinois's rocky fiscal condition compounds the city's daunting budget challenges.

In The People's Money, Michael A. Pagano curates a group of essays that emerged from discussions at the 2018 University of Illinois Chicago Urban Forum. The contributors explore fundamental questions related to measuring cities' fiscal health, including the ways for cities to raise revenue, the accountability of today's officials for a city's future financial position, the legal and practical obstacles to pension reform and balancing budgets, and whether political collaboration offers an alternative to the competition that often undermines regional governance.

Contributors: Jered B. Carr, Rebecca Hendrick, Martin J. Luby, David Merriman, Michael A. Pagano, David Saustad, Casey Sebetto, Michael D. Siciliano, James E. Spiotto, Gary Strong, Shu Wang, and Yonghong Wu

* The College of Urban Planning and Public Affairs of the University of Illinois at Chicago and the University of Illinois Press gratefully acknowledge the publication of this book was assisted by a grant from the John D. and Catherine T. MacArthur Foundation.

About the Author

Michael A. Pagano is dean of the College of Urban Planning and Public Affairs, director of the Government Finance Research Center, and a professor of public administration at the University of Illinois at Chicago. He is a fellow of the National Academy of Public Administration, nonresident senior fellow at the Brookings Institution, and editor of The Public Infrastructure of Work and Play, Jobs and the Labor Force of Tomorrow, and other books in the Urban Agenda series.

Also by this author

Metropolitan Resilience in a Time of Economic Turmoil coverTechnology and the Resilience of Metropolitan Regions coverThe Return of the Neighborhood as an Urban Strategy coverRemaking the Urban Social Contract coverJobs and the Labor Force of Tomorrow coverThe Public Infrastructure of Work and Play coverAre We There Yet? cover


"Recommended. All readers." --Choice


"Michael Pagano is a leader in thinking and writing about critical government finance issues.  In The People’s Money, he and the contributors provide sound and thorough research that serves both the academic and the government finance practitioner. I recommend it to those who want to understand government finance challenges so they can better serve their communities."--Chris Morrill, Executive Director/CEO, Government Finance Officers Association