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:
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.
Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
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