Analyze the cases presented in chapter 8 of the text, Looking Back for Future Lessons: Some Important Cases, located on pages 311-316.
Provide brief summaries, 200-250 words each, of the New York City and Orange County cases.
Explain how the New York City and Orange County financial crises impacted:
- Each government
- Other local governments
- The bond market, including prospectus requirements
Explain what the financial crises implied about the operational and/or capital budgeting processes in each case.
Explain what government can do to anticipate and remedy financial crisis. Apply these actions to each of the cases.
Instructors will be using a rubric to grade this assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations for successful completion of the assignment.
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